Ryan Specialty price target lowered to $61 from $67 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Ryan Specialty (RYAN) to $61 from $67 and keeps an Overweight rating on the shares. Although the P&C insurance sector faces known challenges, including softening pricing in property and more competition in personal auto, attractive valuations and strong casualty pricing partially offset this, says the analyst, who maintains an Attractive industry view heading into 2026.