Trupanion price target raised to $40 from $30 at Stifel

Stifel raised the firm’s price target on Trupanion to $40 from $30 and keeps a Hold rating on the shares. Over the last twelve months, Trupanion has “solidly right-sized its MLR,” strengthened the balance sheet and kept retention “respectable” when considering the large price increases that have been taken, says the analyst. While the bear case of a dilutive raise, which the firm “never bought into,” has subsided and shares have rallied off lows, the “hard-work may just be starting,” the analyst tells investors.