United Fire Group price target raised to $33 from $32 at JonesResearch

JonesResearch raised the firm’s price target on United Fire Group (UFCS) to $33 from $32 and keeps a Buy rating on the shares. The company reported a Q2 beat on better expense management and lower than expected losses and loss settlements, the analyst tells investors in a research note. The firm believes United Fire’s sales trends remain favorable.