TWFG Insurance (TWFG) PT Lowered to $32 at Piper Sandler

Piper Sandler analyst Paul Newsome lowered the price target on TWFG Insurance (NASDAQ: TWFG) to $32.00 (from $38.00) while maintaining an Overweight rating.

The analyst commented: "Bottom Line Beat, Organic Growth Weaker Than Expected; A beat versus PSC and consensus driven by better than expected non-operating items and taxes. Revenue and organic growth were lower than we expected. Adjusted EBITDA and adjusted EBITDA margin were better than we expected. The company lowered its organic growth guidance for FY25 but raised its adjusted EBITDA margin guidance."

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