Goosehead Insurance price target raised to $65 from $60 at Truist

Truist raised the firm’s price target on Goosehead Insurance to $65 from $60 and keeps a Hold rating on the shares after its Q2 earnings beat. Commission renewal retention returned to the long-term average in the mid-eighties – a substantial improvement from Q1 – presumably helped by gains in policy pricing and customer retention, the analyst tells investors in a research note. Truist further note new sales growth for Goosehead having advanced sequentially with an aggregate gain in the Franchise and Corporate channel.