Kemper price target lowered to $75 from $86 at Piper Sandler

Piper Sandler lowered the firm’s price target on Kemper (KMPR) to $75 from $86 and keeps an Overweight rating on the shares following quarterly results. The firm notes the company reported a beat versus PSC and consensus. P/C and Life segments did better than Piper expected and drove most of the beat. Underwriting and underlying underwriting results were better than expected and catastrophe losses were lower than expected.