RYAN Specialty Holdings, Inc. (NYSE:RYAN) has been identified as a high growth stock by analysts. Morgan Stanley raised the price target to $80, with a potential upside of 31.6% from the current price of $60.80. The firm maintains an Overweight rating on RYAN.

Morgan Stanley sees strength in the Property & Casualty Insurance sector, particularly in personal insurance lines. Brokers and personal line insurers are expected to be key earnings drivers. Ryan Specialty, a wholesale insurance broker, is well-positioned to benefit from steady trends in the market.

While the sector may not see drastic changes, companies like Ryan Specialty are set to capitalize on long-term trends. Focus on profitability and efficiency is likely to support the stock’s performance. Analysts believe steady revenue growth is possible for Ryan Specialty as demand for specialized insurance services remains strong.

Read more at Yahoo Finance: Morgan Stanley Maintains Overweight on Ryan Specialty (RYAN), Citing Sector Strength