Piper Sandler lowered the firm’s price target on Skyward Specialty Insurance (SKWD) to $55 from $65 and keeps an Overweight rating on the shares following quarterly results. While the firm continues to believe shares are attractively priced and its solid growth and ROE performance is not well reflected in the stock price, it also acknowledges that investors will likely take a more conservative view towards valuation in a soft market.
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