BMO Capital Maintains Market Perform Rating for Skyward Specialty: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Market Perform rating for Skyward Specialty (NASDAQ:SKWD) and increased its price target from $29.00 to $31.00. Despite the upgrade, the new target suggests a potential downside of 8.15% from the current trading price of $33.75. Skyward Specialty is a specialty insurance company offering a range of commercial property and casualty products.
December 26, 2023 | 5:00 pm
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BMO Capital maintains Market Perform rating for Skyward Specialty and raises price target to $31, indicating a potential decrease from the current price of $33.75.
The maintenance of the Market Perform rating suggests that BMO Capital does not see significant upside potential in SKWD's stock, while the increase in the price target is still below the current trading price, indicating an expected decrease in value. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100