JMP Securities Maintains Market Outperform on Hippo Holdings, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Matthew Carletti maintains a Market Outperform rating on Hippo Holdings (NYSE:HIPO) but has lowered the price target from $70 to $50.
August 09, 2023 | 5:04 pm
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Hippo Holdings' price target has been lowered from $70 to $50 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Market Outperform rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100