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Palomar price target lowered to $168 from $188 at Truist

Truist lowered the firm’s price target on Palomar (PLMR) to $168 from $188 and keeps a Buy rating on the shares. The company’s Q2 earnings beat estimates, but the firm is cutting its price target to reflect pressure on valuations in the specialty P&C sector, the analyst tells investors in a research note.

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