Piper Sandler Maintains Underweight on United Fire Gr, Maintains $21 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Paul Newsome maintains an Underweight rating on United Fire Gr (NASDAQ:UFCS) and keeps the price target at $21.

April 01, 2024 | 2:25 pm
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NEGATIVE IMPACT
Piper Sandler reaffirms an Underweight rating on United Fire Gr, with a steady price target of $21.
The reaffirmation of an Underweight rating by a prominent analyst like Paul Newsome could negatively impact investor sentiment towards UFCS, potentially leading to a decrease in its stock price in the short term. The maintenance of the price target suggests no new positive catalysts have been identified that could drive the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100