JMP Securities Maintains Market Outperform on ProAssurance, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Matthew Carletti maintains a Market Outperform rating on ProAssurance (NYSE:PRA), but lowers the price target from $24 to $22.

February 29, 2024 | 7:27 pm
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ProAssurance's Market Outperform rating is maintained by JMP Securities, though its price target is reduced from $24 to $22.
While the maintenance of a Market Outperform rating suggests continued confidence in ProAssurance's business performance and growth prospects, the reduction in the price target could reflect adjustments in market conditions or revised earnings expectations. This mixed signal might lead to short-term market uncertainty for PRA's stock.
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IMPORTANCE 75
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