JMP Securities Maintains Market Outperform on Skyward Specialty, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Matthew Carletti has reaffirmed a Market Outperform rating on Skyward Specialty (NASDAQ:SKWD) and increased the price target from $35 to $38.
January 17, 2024 | 7:22 pm
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POSITIVE IMPACT
JMP Securities analyst Matthew Carletti maintains a positive outlook on Skyward Specialty, raising the price target to $38, which may lead to increased investor confidence and a potential rise in stock price.
The increase in price target by JMP Securities suggests a bullish view on Skyward Specialty's future performance. This can often lead to a positive short-term reaction in the stock market as investors may interpret the raised target as a sign of strong fundamentals or potential growth, thus potentially increasing demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100