JMP Securities Maintains Market Outperform on Hippo Holdings, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Matthew Carletti maintains a Market Outperform rating on Hippo Holdings (NYSE:HIPO) but has lowered the price target from $50 to $25.
October 13, 2023 | 1:15 pm
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NEGATIVE IMPACT
Hippo Holdings' price target has been lowered from $50 to $25 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities indicates a potential decrease in the stock's value in the short term. However, the maintained Market Outperform rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100