J.P. Morgan upgrades Baldwin Group after take-private report

Baldwin Insurance group

22/06/2026 18:12

** Shares of insurance distribution firm Baldwin Group BWIN.O rise 21% to $21.1
**  J.P. Morgan upgrades BWIN to "overweight" from "neutral";  lifts PT to $28 from $25, a 38.3% upside to stock's last close
** Late last Thursday, the Insurance Insider reported that BWIN is exploring a take-private transaction
** J.P. Morgan says a take-private transaction is a credible enough outcome that could crystallize value in the stock by allowing a new owner to capitalize improving fundamentals over the next several years
** Seven of 11 analysts rate stock "strong buy" or "buy" and  four "hold"; their median PT is $27.23 - data compiled by LSEG
** Including session's move, stock up 1.9% YTD

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))