Palomar price target raised to $113 from $96 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields raised the firm’s price target on Palomar to $113 from $96 and keeps an Outperform rating on the shares following the Q2 report. The firm increased estimates on the company’s “strong” premium growth and expects its “solid” underwriting results to sustain share outperformance over the next 12 months.