RBC Capital Maintains Outperform on Markel Group, Lowers Price Target to $1425
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Heleniak has maintained an 'Outperform' rating on Markel Group (NYSE:MKL), but lowered the price target from $1650 to $1425.
November 03, 2023 | 7:10 pm
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Markel Group's price target has been lowered by RBC Capital from $1650 to $1425, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
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IMPORTANCE 80
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