Jefferies Maintains Buy on Hippo Holdings, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Yaron Kinar maintains a Buy rating on Hippo Holdings (NYSE:HIPO) but lowers the price target from $29 to $28.
October 09, 2024 | 5:36 pm
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NEUTRAL IMPACT
Jefferies analyst Yaron Kinar maintains a Buy rating on Hippo Holdings but lowers the price target from $29 to $28, indicating a slight decrease in expected valuation.
The maintained Buy rating suggests continued confidence in Hippo Holdings' performance, but the lowered price target indicates a slight reduction in expected valuation. This could lead to neutral short-term price movement as the positive Buy rating offsets the negative impact of the lowered target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100