Piper Sandler analyst Paul Newsome raised the firm’s price target on Palomar (PLMR) to $150 from $133 and keeps an Overweight rating on the shares. The firm notes the company reported a beat versus Piper and consensus’ estimates. Underwriting results and catastrophe losses from Hurricane Milton were better than the firm expected.
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: