Morgan Stanley Maintains Underweight on Lemonade, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips maintains an Underweight rating on Lemonade (NYSE:LMND) and raises the price target from $14 to $15.

August 04, 2023 | 1:44 pm
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Morgan Stanley maintains an Underweight rating on Lemonade and raises the price target from $14 to $15.
The news is directly about Lemonade (LMND). Morgan Stanley's decision to maintain an Underweight rating indicates a bearish outlook, but the increase in price target from $14 to $15 suggests a slightly positive adjustment in valuation. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100