Piper Sandler Maintains Underweight on Conifer Holdings, Lowers Price Target to $0.61
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Paul Newsome has maintained an Underweight rating on Conifer Holdings (NASDAQ:CNFR) and reduced the price target from $1.07 to $0.61.
November 13, 2023 | 9:26 pm
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NEGATIVE IMPACT
Conifer Holdings' stock may face downward pressure after Piper Sandler maintained an Underweight rating and lowered the price target to $0.61.
The reduction in price target by a reputable analyst like Paul Newsome suggests a bearish outlook on the stock, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100