Hippo price target raised to $21 from $20 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Hippo to $21 from $20 and keeps a Market Perform rating on the shares. The analyst increased estimates following the “steady progess” seen in Q2 and believes the quarter was “peak weather risk” for Hippo given its geographic exposure. As such, the firm does “not expect any further major surprises this year.”