Analyst Shines A Spotlight On Kinsale Capital Group's Healthy Growth Prospects, Double Upgrades Stock
Portfolio Pulse from Lekha Gupta
BMO Capital Markets analyst Michael Zaremski upgraded Kinsale Capital Group (NYSE:KNSL) to Outperform from Underperform and raised the price target to $389 from $270. Zaremski is bullish on Kinsale's competitive advantage due to its lower expense structure and expects the company to experience 30%+ revenue growth rates through 2024.
June 02, 2023 | 5:11 pm
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Kinsale Capital Group upgraded to Outperform by BMO analyst, with a raised price target of $389 from $270, due to its competitive advantage and expected 30%+ revenue growth rates through 2024.
The upgrade from BMO analyst Michael Zaremski is based on Kinsale's competitive advantage due to its lower expense structure and the expectation of 30%+ revenue growth rates through 2024. This positive outlook on the company's growth prospects and the raised price target are likely to have a positive short-term impact on KNSL's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100