BMO Capital Maintains Underperform on Lemonade, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
BMO Capital's analyst Michael Zaremski has maintained an 'Underperform' rating on Lemonade (NYSE:LMND) and raised the price target from $8 to $9.
September 28, 2023 | 12:27 pm
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Lemonade's price target has been raised from $8 to $9 by BMO Capital, though the 'Underperform' rating is maintained.
While the price target increase for Lemonade indicates a slightly more positive outlook, the maintained 'Underperform' rating suggests that BMO Capital still expects the stock to underperform. This could potentially limit any positive impact on the stock's price in the short term.
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