BRP Group shares are trading lower after the company reported Q3 financial results. Additionally, Wells Fargo downgraded the stock from Overweight to Equal-Weight and lowered its price target from $28 to $24.
Portfolio Pulse from Benzinga Newsdesk
BRP Group's shares have fallen following the release of their Q3 financial results. Wells Fargo has also downgraded the stock from Overweight to Equal-Weight and reduced its price target from $28 to $24.
November 08, 2023 | 5:36 pm
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BRP Group's stock has been downgraded by Wells Fargo following their Q3 financial results. The price target has been lowered from $28 to $24.
The downgrade by Wells Fargo and the lowering of the price target are likely to negatively impact investor sentiment towards BRP Group. This, combined with the company's Q3 financial results, is likely to put downward pressure on the stock in the short term.
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