TWFG price target raised to $30 from $29 at RBC Capital

RBC Capital raised the firm’s price target on TWFG to $30 from $29 and keeps an Outperform rating on the shares. The company delivered a solid set of results in Q2 with signs of revenue momentum continuing, the analyst tells investors in the research note. TWFG’s organic growth ticked up slightly in from Q1 to nearly 14% in Q2 while retention rates remain impressive, the firm added.