Bowhead Specialty price target raised to $44 from $36 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields raised the firm’s price target on Bowhead Specialty (BOW) to $44 from $36 and keeps a Market Perform rating on the shares as part of a Q4 earnings preview for the property and casualty sector. The results will include slowing written commercial and specialty premium growth, as well as “significant but manageable” reinsured catastrophe losses from hurricanes, the analyst tells investors in a research note. Keefe mostly raised Q4 catastrophe loads for property and casualty insurers citing “persistent Helene loss creep.”