Old Republic price target raised to $36 from $35 at Piper Sandler

Piper Sandler analyst Paul Newsome raised the firm’s price target on Old Republic to $36 from $35 and keeps an Overweight rating on the shares. Third quarter earnings should be overall very good, though Hurricane Helene adds uncertainty, the analyst tells investors in a research note. The competitive environment seems fairly stable and there are no signs of large capital inflows or outflows, the firm says, adding that what is said on the conference calls could be more important than what is reported in the press release.