Keefe, Bruyette & Woods Maintains Market Perform on Porch Group, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Ryan Tomasello maintains a Market Perform rating on Porch Group (NASDAQ:PRCH) but lowers the price target from $3.75 to $1.5.
August 08, 2024 | 1:51 pm
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Keefe, Bruyette & Woods maintains a Market Perform rating on Porch Group but significantly lowers the price target from $3.75 to $1.5.
The significant reduction in the price target from $3.75 to $1.5 suggests a bearish outlook on Porch Group's future performance, likely leading to a negative short-term impact on the stock price.
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