Morgan Stanley lowered the firm’s price target on Bowhead Specialty (BOW) to $31 from $34 and keeps an Equal Weight rating on the shares. The firm said that, broadly speaking, commercial property and casualty continues to face growth headwinds from the commercial property pricing slowdown in both primary and reinsurance sub-sectors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BOW:
- Bowhead Specialty price target lowered to $38 from $42 at Keefe Bruyette
- Bowhead Specialty Expands Board with New Director
- Bowhead Specialty price target lowered to $33 from $38 at Piper Sandler
- Bowhead Specialty price target lowered to $34 from $37 at Morgan Stanley
- Bowhead Specialty price target lowered to $42 from $45 at Keefe Bruyette