Truist Securities Maintains Hold on ProAssurance, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Mark Hughes has maintained a Hold rating on ProAssurance (NYSE:PRA) but reduced the price target from $20 to $15.
November 10, 2023 | 2:46 pm
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Truist Securities has maintained a Hold rating on ProAssurance but lowered the price target from $20 to $15, indicating a potential downside or limited upside.
The reduction in price target by Truist Securities suggests that they see less potential for price appreciation in ProAssurance's stock. This could lead to a negative sentiment among investors in the short term and potentially cause the stock price to adjust downward to reflect the new analyst expectations.
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IMPORTANCE 75
RELEVANCE 100