JP Morgan Maintains Underweight on Ryan Specialty Hldgs, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jimmy Bhullar has maintained an Underweight rating on Ryan Specialty Holdings (RYAN) but raised the price target from $44 to $47.
February 28, 2024 | 2:50 pm
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JP Morgan analyst Jimmy Bhullar maintained an Underweight rating on Ryan Specialty Holdings but increased the price target from $44 to $47.
While the Underweight rating suggests a cautious outlook on RYAN's stock, the increase in price target from $44 to $47 indicates a slightly more optimistic view on the company's valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued caution and the increased valuation estimate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100