Raymond James upgrades rating for data and analytics firm Verisk VRSK.O to "strong buy" from "outperform"; raises PT to $260 from $215
New PT implies a 25.3% upside to stock's last close
Brokerage says VRSK's current valuation doesn't appropriately reflect its proprietary data assets and margin profile
Adds that modernization investments including migration of core data assets to cloud should position VRSK to accelerate product development and boost margins
Info services stocks have been hit hard over past 12 months amid heightened investor concerns that AI could upend their business models
VRSK set to hold investor day on March 5, where management is expected to discuss proprietary data and analytics and longer-term growth outlook
Nine of 20 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; their median PT is $222 - data compiled by LSEG
As of last close, VRSK stock down 7.2% YTD