Skyward Specialty Insurance price target raised to $68 from $55 at Piper Sandler

Piper Sandler raised the firm's price target on Skyward Specialty Insurance to $68 from $55 and keeps an Overweight rating on the shares. The firm is adjusting its model to change the definition of expense ratio to what the company used in its Q1 2026 financial results. This has no impact on earnings estimates but does change Piper's estimated combined ratios.