Skyward Specialty Insurance price target raised to $55 from $52 at BMO Capital

BMO Capital analyst Michael Zaremski raised the firm’s price target on Skyward Specialty Insurance (SKWD) to $55 from $52 and keeps a Market Perform rating on the shares. The company’s near-term ROE profile should improve given that it continues to grow into an attractive, but decelerating excess & surplus cycle, though the firm’s target price upside is tempered by Skyward potentially showing reserving potholes similar to peers, the analyst tells investors in a research note.