TWFG price target raised to $32 from $30 at BMO Capital

BMO Capital raised the firm’s price target on TWFG (TWFG) to $32 from $30 and keeps an Outperform rating on the shares. The company pre-announced stronger-than-expected Q4 top-line results, which include upside from written premiums, organic commissions, and profit commissions, partially offset by lower other revenue, the analyst tells investors in a research note. BMO adds that it sees upside to revenue growth once the macro environment for Home & Auto insurers improves within Texas and California.