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Fly News Breaks for October 23, 2018
KMPR
Oct 23, 2018 | 08:56 EDT
As previously reported, Sandler O'Neill analyst Paul Newsome upgraded Kemper to Buy from Hold, noting that the stock is now down approximately 16% from its 52-week high hit in early September. There is a scarcity of reasonably valued mid-cap property-casualty insurers and on an earnings basis the stock is trading at 14.8 times multiple, versus peers trading at about 18 times, added Newsome. He raised his price target on Kemper shares to $82 from $78.
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