Oppenheimer Initiates Coverage On Selective Insurance Gr with Outperform Rating, Announces Price Target of $120
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Michael Phillips has initiated coverage on Selective Insurance Group (NASDAQ:SIGI) with an Outperform rating and set a price target of $120.

November 16, 2023 | 10:13 am
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Oppenheimer analyst Michael Phillips initiated coverage on Selective Insurance Group with an Outperform rating and a price target of $120.
The initiation of coverage by Oppenheimer with an Outperform rating typically indicates a positive outlook on the stock, suggesting that the analyst believes SIGI will perform well in the market. The announcement of a price target of $120, which is presumably higher than the current trading price, implies an expectation of stock price appreciation. This can lead to increased investor interest and potentially drive the stock price up in the short term.
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