Citizens JMP lowered the firm’s price target on Kemper (KMPR) to $75 from $85 and keeps an Outperform rating on the shares. Most of the miss vs. the firm’s EPS estimate was driven by unfavorable development in the commercial auto segment, partially offset by favorable development in the non-standard personal auto segment and lower net interest income, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KMPR: