Kemper price target raised to $83 from $80 at Piper Sandler

Piper Sandler raised the firm’s price target on Kemper (KMPR) to $83 from $80 and keeps an Overweight rating on the shares after the company reported solidly better than expected bottom line, driven by better than expected top-line growth. Notably PIF growth increased 4.5% sequentially, which was a bit better than management expected and an issue often raised by investors to Piper.