Bowhead Specialty price target raised to $35 from $32 at RBC Capital

RBC Capital analyst Scott Heleniak raised the firm’s price target on Bowhead Specialty (BOW) to $35 from $32 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company continued to generate robust premium growth in the quarter with double-digit growth across all divisions, and given the favorable rate environment for casualty and other factors, RBC sees favorable top-line trends continuing in 2025, the analyst tells investors in a research note.