JMP Securities raised the firm’s price target on Skyward Specialty Insurance to $40 from $38 and keeps an Outperform rating on the shares following the top- and bottom-line beats in Q4. JMP believes Skyward has a well-rounded and defensible portfolio of niche product lines that are benefiting from macro tailwinds as the broader Excess and Surplus/specialty markets enjoy some of the best market conditions in decades, the analyst tells investors in a research note.
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