Solera announces preferred provider agreement with Suncorp Group Solera Holdings announced a new agreement making Solera the preferred provider of automobile insurance claims processing software and services for Suncorp Group, which includes a portfolio of leading general insurance brands in Australia and New Zealand.
Solera price target lowered to $45 from $58 at Baird Baird lowered its price target on Solera to $45 from $58 but believes the risk/reward and current valuation are attractive. The firm believes a few more quarters of consistent execution/margin expectations may be required to have investor's gain confidence in the company's long-term vision. Baird reiterated its Outperform rating on Solera shares.
Solera downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Solera Holdings to Neutral with a $43 price target citing "disappointing" near-term earnings expectations after the company's FY16 outlook missed estimates.