Kemper price target raised to $80 from $77 at Piper Sandler

Piper Sandler analyst Paul Newsome raised the firm’s price target on Kemper to $80 from $77 and keeps an Overweight rating on the shares. The firm cites a solidly better than expected bottom line driven by underwriting results. The impact of rate increases and moderating claims inflation appears to be better than expected, Piper adds.