Morgan Stanley Maintains Underweight on Lemonade, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips maintains an Underweight rating on Lemonade (LMND) and raises the price target from $13 to $14.
February 28, 2024 | 5:56 pm
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Morgan Stanley maintains an Underweight rating on Lemonade, Inc. (LMND) but raises the price target from $13 to $14.
While the increase in price target from $13 to $14 by Morgan Stanley suggests a slightly more positive outlook on Lemonade, Inc. (LMND), the maintenance of an Underweight rating indicates ongoing concerns about the company's fundamentals or market position. This mixed signal could lead to neutral short-term price movement as investors weigh the slight increase in target against the continued cautious stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90