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Raymond James Reiterates Outperform Rating on Mercury General (MCY) Amid Wildfires

January 10, 2025 7:48 AM EST

Raymond James analyst Gregory Peters reiterated an Outperform rating and $80.00 price target on Mercury General (NYSE: MCY)

The analyst comments "We are reiterating our Outperform rating on the shares of Mercury General Corporation (MCY). The stock was down ~6% on 1/8 due to concerns about exposure to devastating wildfires around Los Angeles. The stock has fallen further into the mid $50s in after-hours trading. While we... More