Primerica price target raised to $292 from $288 at Piper Sandler

Piper Sandler raised the firm’s price target on Primerica (PRI) to $292 from $288 and keeps a Neutral rating on the shares. While spread areas likely see tailwinds from variable investment income continuing to normalize, this is rather known, the firm says. Fee has tailwinds from more fee and trading days along with equity tailwinds – also a known, while still facing secular flow headwinds. Piper continues to favor underwriters. Favorable tailwinds from claims experience are good indication not just actuarial review season will be good but also future earnings emergence. Distribution remains strong for both, it adds.