JMP Securities Maintains Market Outperform on ProAssurance, Lowers Price Target to $25
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Matthew Carletti maintains a Market Outperform rating on ProAssurance (NYSE:PRA) but has lowered the price target from $30 to $25.
July 12, 2023 | 1:10 pm
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NEGATIVE IMPACT
ProAssurance's price target has been lowered from $30 to $25 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities indicates a potential decrease in the short-term value of ProAssurance's stock. However, the maintenance of the Market Outperform rating suggests that the stock is still expected to perform better than the overall market, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100