Raymond James Upgrades BRP Group to Strong Buy, Announces $30 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst C. Gregory Peters upgraded BRP Group (NASDAQ:BRP) from Outperform to Strong Buy and set a price target of $30. This upgrade reflects a positive outlook on BRP Group's stock.
December 12, 2023 | 1:58 pm
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BRP Group was upgraded by Raymond James from Outperform to Strong Buy with a new price target of $30, indicating a positive future performance expectation.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved future performance and are often followed by investor optimism. The new price target of $30 suggests a significant upside from the current trading price, which may attract investors.
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