Piper Sandler raised the firm’s price target on Palomar (PLMR) to $133 from $119 and keeps an Overweight rating on the shares. The firm notes reinsurance renewal data suggests favorable environment in 2025 for primary insurers. Piper expects a quiet pre-announcement season.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLMR:
- Palomar Holdings Extends CEO Mac Armstrong’s Term
- Palomar price target raised to $133 from $113 at Jefferies
- Palomar price target raised to $136 from $120 at Keefe Bruyette
- Palomar price target raised to $110 from $105 at Piper Sandler
- AI Challenges and Risks: Navigating Palomar Holdings’ Path to Integration and Compliance