Deutsche Bank yesterday morning initiated coverage of Neptune Insurance (NP) with a Buy rating and $29 price target . The company specializes in underwriting flood insurance in the U.S., where its main competitor is the government-run national Flood Insurance Program, the analyst tells investors in a research note. The firm says “scarce attributes” position Neptune as a “unique asset” within the insurance universe.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NP:
- Midday Fly By: Novartis to buy Avidity, Keurig Dr Pepper beats expectations
- Neptune Insurance initiated with a Buy at Deutsche Bank
- Neptune Insurance initiated with an Outperform at Evercore ISI
- Neptune Insurance initiated with an Outperform at Raymond James
- Piper Sandler bullish on Neptune Insurance, initiates with an Overweight