Kemper price target raised to $66 from $56 at Piper Sandler

Piper Sandler raised the firm’s price target on Kemper to $66 from $56 and keeps an Overweight rating on the shares. The firm notes Kemper pre-announced fourth quarter operating EPS results of 78c compared to its estimate of 21c per share. The better-than-expected results was driven by better auto insurance underwriting results as well as other items.