JMP Securities Maintains Market Outperform on James River Gr Hldgs, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Matthew Carletti has maintained a Market Outperform rating on James River Group Holdings (JRVR) but has cut the price target from $30 to $15.
November 15, 2023 | 5:54 pm
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NEGATIVE IMPACT
JMP Securities reaffirmed a Market Outperform rating on James River Group Holdings but halved the price target from $30 to $15, indicating a potential downside compared to the previous target.
The reduction in price target by JMP Securities is a significant adjustment that suggests the analyst sees less upside potential for JRVR's stock price in the near term. This could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100