BMO Capital Downgrades Ryan Specialty Hldgs to Market Perform, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Michael Zaremski has downgraded Ryan Specialty Hldgs (NYSE:RYAN) from Outperform to Market Perform and lowered the price target from $53 to $49.
October 31, 2023 | 1:03 pm
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Ryan Specialty Hldgs has been downgraded by BMO Capital from Outperform to Market Perform, with a lowered price target of $49.
The downgrade from Outperform to Market Perform by BMO Capital indicates a less optimistic outlook for Ryan Specialty Hldgs. The lowered price target from $53 to $49 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100