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United Fire Group price target raised to $28 from $26 at Piper Sandler

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.

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