Kemper upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler upgraded Kemper to Overweight from Neutral with a price target of $47, down from $55. The stock’s valuation has become attractive, the analyst tells investors in a research note. The firm says prices in auto insurance – Kemper’s main line of business – are rising quickly and underlying underwriting results have already started to improve. Piper thinks underlying combined ratios for most of the personal lines writers will improve in Q3.