BUZZ-Insurance broker TWFG gains after Piper Sandler raises PT

** Shares of insurance broker TWFG TWFG.O rise as much as 6%, last up 5.1% at $28.75

** Piper Sandler raises TWFG price target to $30 from $27, which represents a 9.7% upside to stock's last close

** Brokerage says TWFG should trade higher than its peers due to its higher growth expectations

** There is a scarcity of companies like TWFG both from a market cap perspective as well as business composition, Piper Sandler says

** Adds that TWFG is poised to benefit from the ongoing consolidation in the insurance brokerage industry

** As of last close, TWFG shares were up 60.8% since debut in July

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))