Cantor Fitzgerald Maintains Overweight on Porch Group, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Josh Siegler has maintained an Overweight rating on Porch Group (NASDAQ:PRCH) but lowered the price target from $6 to $3.
November 08, 2023 | 5:16 pm
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Porch Group's price target has been lowered from $6 to $3 by Cantor Fitzgerald, though the Overweight rating is maintained.
The lowering of the price target by Cantor Fitzgerald indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100