BMO Capital analyst Michael Zaremski initiated coverage of Neptune Insurance (NP) with a Market Perform rating and $25 price target The firm believes the company is positioned to continue gaining share in the residential private flood insurance marketplace. However, BMO lacks conviction as to whether the National Flood Insurance Program will churn to the extent needed to justify the stock’s current valuation.
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Read More on NP:
- Hold Rating for Neptune Insurance: Balancing Growth Potential and Market Uncertainty
- Neptune Insurance initiated with a Buy at Goldman Sachs
- Hold Rating on Neptune Insurance Holdings Due to Valuation Concerns and NFIP Uncertainties
- Neptune Insurance initiated with a Market Perform at Keefe Bruyette
- Neptune Insurance initiated with an Overweight at Piper Sandler