Piper Sandler lowered the firm’s price target on Accelerant (ARX) to $15 from $18 and keeps an Overweight rating on the shares following quarterly results. The firm notes the beat was driven by better-than-expected revenue and lower than expected expenses as well as other adjustments.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARX:
- Accelerant Holdings Reports Significant Loss Amid Revenue Growth
- Accelerant Holdings Class A: Strong Performance and Promising Growth Prospects Drive Buy Rating
- Accelerant reports Q3 adjusted EPS 38c, consensus 21c
- ARX Earnings this Week: How Will it Perform?
- Accelerant price target lowered to $18 from $29 at RBC Capital