Morgan Stanley analyst Bob Jian Huang initiated coverage of Neptune Insurance (NP) with an Equal Weight rating and $26 price target The firm says the share thesis centers on the company’s ability to capture market share from the National Flood Insurance Program. However, the company’s favorable financial profile is already reflected in the stock, the analyst tells investors in a research note.
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Read More on NP:
- Neptune Insurance initiated with a Neutral at JPMorgan
- Neptune Insurance initiated with an Underperform at Mizuho
- Neptune Insurance initiated with a Market Perform at BMO Capital
- Hold Rating for Neptune Insurance: Balancing Growth Potential and Market Uncertainty
- Neptune Insurance initiated with a Buy at Goldman Sachs