Piper Sandler raised the firm’s price target on United Fire Group (UFCS) to $28 from $26 and keeps a Neutral rating on the shares. The firm notes the company reported a strong beat. Underwriting and underlying underwriting results were better than Piper expected. Catastrophe losses were lower than expected. There was no reserve development in the quarter.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UFCS: