Keefe, Bruyette & Woods Reiterates Outperform on Root, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Tommy McJoynt has reiterated an Outperform rating on Root (NASDAQ:ROOT) but has lowered the price target from $88 to $82.
August 16, 2024 | 2:58 pm
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Keefe, Bruyette & Woods analyst Tommy McJoynt has reiterated an Outperform rating on Root (NASDAQ:ROOT) but has lowered the price target from $88 to $82.
The reiteration of the Outperform rating is positive, indicating continued confidence in the stock. However, the lowered price target suggests some tempered expectations, which could neutralize the overall impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100