Baldwin Group price target raised to $40 from $34 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields raised the firm’s price target on Baldwin Group to $40 from $34 and keeps an Outperform rating on the shares after meeting with management. The firm left the meetings increasingly confident in the company’s prospects for sustained above-average organic revenue growth, persistent margin expansion, and a materially improving financial profile as it works its way through the last four quarters with significant earn-out payments.