Palomar price target raised to $152 from $136 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Palomar (PLMR) to $152 from $136 and keeps an Outperform rating on the shares. The firm expects sustained strong written and earned premium growth solid underwriting results to sustain the shares’ outperformance over the next 12 months, the analyst tells investors in a research note.