Piper Sandler lowered the firm’s price target on Accelerant (ARX) to $18 from $25 and keeps an Overweight rating on the shares. The firm is adjusting price targets for some of its companies as a result of shifting peer group multiples over the last month or so. Broker multiples are generally lower. Carrier valuations are more mixed, Piper adds.
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Read More on ARX:
- Accelerant upgraded to Buy from Neutral at Goldman Sachs
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- Accelerant price target lowered to $21 from $33 at Raymond James
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- Accelerant price target lowered to $22.50 from $34 at BMO Capital