Piper Sandler Maintains Underweight on United Fire Gr, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Paul Newsome has maintained an 'Underweight' rating on United Fire Gr (NASDAQ:UFCS) and lowered the price target from $19 to $18.
October 06, 2023 | 11:44 am
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NEGATIVE IMPACT
Piper Sandler has maintained an 'Underweight' rating on United Fire Gr and lowered the price target from $19 to $18, which could negatively impact the stock's price.
The 'Underweight' rating indicates that the analyst believes the stock will underperform the market or its sector in the short term. The lowering of the price target from $19 to $18 suggests that the analyst has reduced expectations for the stock's future performance. This could lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100