Palomar price target raised to $155 from $145 at JPMorgan

JPMorgan raised the firm’s price target on Palomar (PLMR) to $155 from $145 and keeps an Overweight rating on the shares. The firm adjusted targets in the property and casualty insurance sector as part of its 2026 outlook. While fundamentals in the P&C sector “are getting more challenging,” pricing, margin, and growth headwinds “seem better reflected in sentiment and valuation levels,” the analyst tells investors in a research note.