raymond james analyst c gregory peters on friday cut his rating on title insurance provider old republic international corp ori to outperform from strong buy and trimmed his price target by 2 a share to 28 peters cited nearterm headwinds in the its title business which comprises 48 of old republics revenue the move comes after old republic on thursday reported firstquarter adjusted earnings of 64 cents a share short of the analyst estimate of 67 cents a share peters also reduced his 2022 profit target for old republic to 240 a share from 250 a share shares of old republic fell 16 in premarket trades the stock is down 61 so far in 2022 compared to a 10 loss by the sp 500 spx 