B. Riley Financial maintains "Buy" rating for Abacus Life (ABL); target price raised to $16.00.

B. Riley Financial has reaffirmed a "Buy" rating for Abacus Life (ABL), raising the target price from $15.00 to $16.00. The firm estimates Q3 2024 earnings at $0.14 EPS and FY2024 at $0.58 EPS. Abacus Life, a Florida-based asset manager focusing on life insurance, reported a Q2 EPS of $0.18, surpassing expectations. The company has a market cap of $762.18 million and a P/E ratio of 510.76, with several investors increasing their stakes.

September 02, 2024
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