Evercore ISI raised the firm’s price target on Palomar (PLMR) to $168 from $163 and keeps an In Line rating on the shares. Palomar’s reinsurance renewal “brings a positive twist” with a 10% decline in risk-adjusted pricing, beating prior guidance expectations of flat to down 5%, notes the analyst, who is increasing estimates following the mid-year reinsurance renewal.
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Read More on PLMR:
- Palomar price target raised to $177 from $171 at Piper Sandler
- Palomar price target raised to $205 from $195 at Keefe Bruyette
- Palomar Holdings Completes Reinsurance Programs, Boosts Guidance
- Palomar completes certain reinsurance programs, increases FY25 net income view
- Palomar Holdings Concludes Annual Stockholders Meeting