Piper Jaffray Reiterates Overweight on ProAssurance

Piper Jaffray is out with its report today on ProAssurance PRA, reiterating Overweight. In its report, Piper Jaffray writes, "Meetings with management of ProAssurance reiterate our positive outlook and Overweight rating on the shares. With a benign operating environment, positive outlook and several routes toward value realization at their disposal, we think the stock represents a compelling investment opportunity. We reiterate our $86 price target." Piper Jaffray maintains an $86 PT on PRA. Shares of PRA closed Monday at $69.77, up 0.66% from Friday's close.