Neptune Insurance price target raised to $22.50 from $21 at BofA

BofA raised the firm’s price target on Neptune Insurance (NP) to $22.50 from $21 and keeps an Underperform rating on the shares after the company reported “healthy” margin and growth in its post-IPO Q3 report. While stating that growth and margins at Neptune “continue to be top tier,” the firm believes this is already largely contemplated in the share price.