Piper Sandler raised the firm’s price target on American Integrity Insurance (AII) to $27 from $22 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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AII:
- American Integrity Insurance price target raised to $26 from $23 at Keefe Bruyette
- American Integrity Appoints New Chief Accounting Officer
- Neptune Insurance to be Valued at $2.76B When it Taps Up Investors in New York IPO
- American Integrity Insurance price target raised to $24 from $22 at Raymond James
- American Integrity’s Investor Presentation on September 4