Kinsale Capital downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research analyst Bill Carcache downgraded Kinsale Capital to Peer Perform from Outperform without a price target. With the stock 40% year-to-date and within 10% of Wolfe’s last published price target of $514, Kinsale’s risk/reward “is now roughly in balance,” the analyst tells investors in a research note. The firm moved to the sidelines in anticipation of better entry points.