Piper Sandler raised the firm’s price target on Skyward Specialty Insurance (SKWD) to $54 from $48 and keeps an Overweight rating on the shares following quarterly results. The firm notes the EPS beat was driven primarily by a combination of better-than-expected net investment income and underwriting results. Topline growth was not as great as quarters past, but still solidly above average, Piper adds.
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