Kemper price target raised to $85 from $80 at JMP Securities

JMP Securities raised the firm’s price target on Kemper to $85 from $80 and keeps an Outperform rating on the shares. Kemper reported strong Q2 results that contained positive incremental items, and JMP continues to view shares as having an attractive risk/reward, the analyst tells investors in a research note. Investors should walk away from the quarter incrementally more positive on shares, despite some good news being included in the preannouncement, as additional positive data points and commentary have been provided as to growth and profitability in the near/intermediate term, the firm says.