Trupanion price target raised to $45 from $35 at Northland

Northland raised the firm’s price target on Trupanion to $45 from $35 and keeps a Market Perform rating on the shares after the company held its annual investor day yesterday. The firm continues to be cautious on the growth outlook given growth in subscription pets enrolled has continued to slow on a year-over-year basis, but increased its price target to better reflect strong vet lead growth and solid retention trends as well as management commentary.