Goosehead Insurance price target raised to $80 from $72 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on Goosehead Insurance to $80 from $72 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company’s revenue growth was “significant” as it continues to improve productivity, generate new business, and take advantage of a favorable personal lines pricing environment, the analyst tells investors in a research note. Goosehead ‘s restructuring actions are mostly over and have been positive to both margins and productivity, RBC added.