Hippo price target raised to $40 from $35 at Citizens JMP

Citizens JMP raised the firm’s price target on Hippo (HIPO) to $40 from $35 and keeps an Outperform rating on the shares. The company reported strong Q2 results and achieved net income positivity for the first time, the analyst tells investors in a research note. The firm believes Hippo shares are attractively valued at current levels.