Morgan Stanley lowered the firm’s price target on Kinsale Capital (KNSL) to $490 from $515 and keeps an Overweight rating on the shares. Following Q1 results, the firm updated its Kinsale model by lowering premium growth forecasts and raising NII estimates. Morgan Stanley’s 2026 earnings per share estimate remains relatively unchanged while it decreases its price target based on lower top-line growth prospects, the analyst tells investors in a research note.
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