Jefferies analyst Yaron Kinar initiated coverage of Skyward Specialty Insurance with a Buy rating and $40 price target. The firm believes Skyward is “positioned for beats-and-raises,” noting that its estimates are about 5% above the Street view for 2024-25. The firm expects continued superior NPW growth, improved pricing and the ability to take on more net risk and also expects stable-to-improving underwriting, the analyst tells investors.
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