RBC Capital Downgrades Kinsale Cap Gr to Sector Perform, Lowers Price Target to $425
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Heleniak downgraded Kinsale Capital Group (KNSL) from Outperform to Sector Perform and reduced the price target from $555 to $425.
April 29, 2024 | 9:45 am
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NEGATIVE IMPACT
Kinsale Capital Group was downgraded by RBC Capital from Outperform to Sector Perform, with a significant reduction in price target from $555 to $425.
The downgrade by a prominent analyst and the substantial reduction in price target are likely to negatively impact investor sentiment towards KNSL in the short term, potentially leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100