Piper Sandler analyst Paul Newsome lowered the firm’s price target on Palomar (PLMR) to $132 from $151 and keeps an Overweight rating on the shares following quarterly results. The firm believes Palomar remains one of the fastest growing companies with one of the highest ROEs among the companies it follows.
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Read More on PLMR:
- Palomar Holdings Signals Confident Growth in Earnings Call
- Palomar reports Q1 adjusted EPS $2.31, consensus $2.20
- Palomar sees FY26 adjusted net income of $262M-$278M
- Palomar Holdings Reports Strong Q1 Growth and Buyback Plan
- Analyst Reiterates Buy on Palomar After Q1 Earnings Beat, Raised Guidance and New Share Repurchase Program