Verisk Analytics adds $300M to repurchase authorization Verisk Analytics announced its board of directors approved an incremental $300M of authorization under its share repurchase program. The authorization has no expiration date and may be suspended or terminated at any time.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
Verisk Analytics downgraded to Sell from Neutral at UBS UBS analyst Alex Kramm downgraded Verisk Analytics to Sell saying the current valuation looks "stretched" at current levels. Kramm sees increased uncertainty from insurance industry pressures and the company's expansion into the energy vertical. The analyst cut Verisk's price target to $74 from $79.