MediaAlpha price target raised to $19 from $15 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on MediaAlpha to $19 from $15 and keeps an Outperform rating on the shares following a transfer of coverage. Commentary on the Q4 earnings call affirmed that auto insurer spend inflected at the turn of the calendar year, the analyst tells investors in a research note.