BMO Capital downgraded Kinsale Capital (KNSL) to Underperform from Market Perform with a price target of $348, down from $418. The firm expects the company’s growth to remain in the low-single digits, which it notes is “materially below” the consensus estimate of 5%. Kinsale’s “lower-for-longer” growth will be an overhang on the shares, the analyst tells investors in a research note.
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