UBS Initiates Coverage On Fidelis Insurance Hldgs with Buy Rating, Announces Price Target of $18
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Brian Meredith has initiated coverage on Fidelis Insurance Hldgs (NYSE:FIHL) with a Buy rating and a price target of $18.
July 24, 2023 | 11:29 am
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UBS has initiated coverage on Fidelis Insurance Hldgs with a Buy rating and a price target of $18, which could potentially drive the stock price up.
The initiation of coverage by a major financial institution like UBS generally brings a stock into focus for investors. The Buy rating indicates that UBS believes the stock will outperform the market, which could drive demand and increase the stock price. The price target of $18 also provides a clear upside potential from the current price.
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