TWFG price target raised to $37 from $30 at Piper Sandler

Piper Sandler raised the firm’s price target on TWFG (TWFG) to $37 from $30 and keeps an Overweight rating on the shares ahead of quarterly results. This quarter’s earnings estimates suggest a healthier-than-expected environment for P/C insurers and about neutral for insurance brokers, but not a healthy enough environment that Piper thinks forward estimates for the group should be materially revised upward.