Assurant price target raised to $165 from $150 at Piper Sandler

Piper Sandler raised the firm’s price target on Assurant to $165 from $150 and keeps an Overweight rating on the shares. The firm highlights Assurant as one of the better positioned Overweights in its coverage that is defensive in nature with a number of company-specific catalysts. While this has been a name that performed well in Q3, the valuation remains below historic averages, Piper notes.