B of A Securities Maintains Underperform on Selective Insurance Gr, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Grace Carter maintains an 'Underperform' rating on Selective Insurance Gr (NASDAQ:SIGI) and raises the price target from $93 to $100.
July 25, 2023 | 2:48 pm
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Selective Insurance Gr's price target has been raised from $93 to $100 by B of A Securities, while maintaining an 'Underperform' rating.
The 'Underperform' rating suggests that the analyst expects the stock to do worse than the market average. However, the increase in price target from $93 to $100 indicates a positive outlook on the stock's value. This mixed signal could lead to uncertainty among investors, potentially causing short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100