Truist Securities Maintains Hold on ProAssurance, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Mark Hughes has maintained a Hold rating on ProAssurance (NYSE:PRA) and increased the price target from $14 to $16.

May 08, 2024 | 1:02 pm
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Truist Securities has maintained a Hold rating on ProAssurance and raised the price target from $14 to $16.
The increase in price target by Truist Securities suggests a positive outlook on ProAssurance's stock value in the short term, likely due to improved financial performance or market conditions. This adjustment reflects an expectation of stock price growth, making it a potentially favorable moment for investors. However, the Hold rating indicates that the analyst sees the stock as fairly valued at its current price, suggesting limited upside potential from the new target price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100