Zacks Investment Research downgraded shares of ERIE INDEMNITY (ERIE) from OUTPERFORM to NEUTRAL on January 02, 2013, with a target price of $73.30.
Erie Indemnity Company's principal business activity consists of management of the affairs for Erie Insurance Exchange. The company also participates in the property/casualty insurance business through its three wholly owned subsidiaries, Erie Insurance Company, Erie Insurance Company of New York, and Erie Insurance Property and Casualty Company and through its management of the Flagship City Insurance Company, a subsidiary of Erie Insurance Exchange.
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