Kemper upgraded to Strong Buy from Outperform at Raymond James

Raymond James analyst C. Gregory Peters upgraded Kemper to Strong Buy from Outperform with a price target of $80, up from $60. Though the stock has outperformed the S&P 500 over the last three months, there could still be substantial upside as management continues to implement additional initiatives to improve financial results over the next 24 months, the analyst tells investors in a research note. Management’s ongoing restructuring initiatives, the strategic review of the PPA business, and the potential migration to a reciprocal exchange structure could structurally improve the company’s long-term margin profile through 2025, the firm says.