JMP Securities Maintains Market Outperform on ProAssurance, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Matthew Carletti has maintained a Market Outperform rating on ProAssurance (NYSE:PRA) but has lowered the price target from $25 to $24.

January 17, 2024 | 7:19 pm
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NEUTRAL IMPACT
ProAssurance's stock rating remains Market Outperform by JMP Securities, but the price target has been reduced from $25 to $24.
While the maintenance of a Market Outperform rating is positive, the reduction in price target could signal a tempered expectation of future stock performance. This mixed signal may lead to neutral short-term impact on the stock price as the market digests the information.
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