Palomar Holdings Stock Surges on Analyst Upgrade

Palomar Holdings shares surged by 3.4% today, following a price target increase by Keefe, Bruyette, and Woods to $170 from $164, while maintaining an Outperform rating. This positive outlook, along with a 2.9% increase from yesterdays closing price, boosted the stock to $122.12. Despite todays gains, Palomar Holdings is still trading over 30% below its highest point in the last 52 weeks, indicating a steady growth trajectory since its IPO five years ago.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.