Piper Sandler Maintains Overweight on ProAssurance, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Paul Newsome maintains an Overweight rating on ProAssurance (NYSE:PRA) but lowers the price target from $16 to $15.

March 04, 2024 | 1:38 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on ProAssurance but lowers the price target from $16 to $15.
The adjustment in price target by Piper Sandler reflects a slight change in valuation expectation for ProAssurance. While the Overweight rating indicates continued confidence in the company's performance, the reduction in price target suggests a tempered outlook on its stock price potential in the short term. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100