Hagerty price target raised to $13 from $12 at JPMorgan

JPMorgan analyst Pablo Singzon raised the firm’s price target on Hagerty (HGTY) to $13 from $12 and keeps a Neutral rating on the shares. The firm adjusted targets in the property and casualty insurance sector as part of its 2026 outlook. While fundamentals in the P&C sector “are getting more challenging,” pricing, margin, and growth headwinds “seem better reflected in sentiment and valuation levels,” the analyst tells investors in a research note.