Palomar price target raised to $195 from $145 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields raised the firm’s price target on Palomar (PLMR) to $195 from $145 and keeps an Outperform rating on the shares. The firm expects sustained strong gross written and earned premium growth and consistently solid underwriting results to drive ongoing outperformance over the next 12 months, the analyst tells investors in a research note.