Assurant price target raised to $192 from $185 at Piper Sandler

Piper Sandler analyst John Barnidge raised the firm’s price target on Assurant to $192 from $185 and keeps an Overweight rating on the shares. The firm sees a clear path towards catalysts in the coming quarters, given the setting of guidance in February with reinsurance savings, auto input cost improvement and expense savings being key topics. Valuation continues to remain attractive versus the 5-year average, Piper adds.