JMP Securities Reiterates Market Outperform on Lemonade, Maintains $40 Price Target
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Karol Chmiel has reiterated a 'Market Outperform' rating on Lemonade (NYSE:LMND) and maintained a $40 price target.
July 12, 2023 | 1:09 pm
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JMP Securities has reiterated a 'Market Outperform' rating on Lemonade (NYSE:LMND) and maintained a $40 price target.
The reiteration of a 'Market Outperform' rating by JMP Securities indicates a positive outlook for Lemonade's stock. The maintained price target of $40 also suggests that the analyst believes the stock is currently undervalued, which could lead to upward pressure on the stock price in the short term.
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