Piper Sandler Upgrades Kemper to Overweight, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Paul Newsome has upgraded Kemper (NYSE:KMPR) from Neutral to Overweight and lowered the price target from $55 to $47.
October 06, 2023 | 10:52 am
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POSITIVE IMPACT
Kemper's stock has been upgraded to Overweight by Piper Sandler, but the price target has been lowered from $55 to $47.
The upgrade to Overweight indicates that the analyst believes Kemper's stock will outperform the market or its sector in the short term. However, the lowering of the price target suggests that the analyst has reduced their expectations for the stock's future price. This could lead to increased buying pressure in the short term, but also set a lower expectation for future price growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100