Piper Sandler analyst Paul Newsome raised the firm’s price target on Skyward Specialty Insurance to $36 from $34 and keeps an Overweight rating on the shares. The firm is also adjusting its EPS estimates to account for Skyward Specialty Insurance’s recent stock offering. Piper thinks the offering will allow the company to grow faster and will increase the public float of the company.
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Read More on SKWD:
- Skyward Specialty Insurance price target raised to $36 from $30 at Raymond James
- Skyward Specialty Insurance 5M share Secondary priced at $30.50
- Skyward Specialty Announces Pricing of Its Upsized Follow-On Offering of Its Common Stock
- Skyward Specialty Announces Follow-On Offering of its Common Stock
- Skyward Specialty announces offering of 4.5M shares of common stock