Compass Point Downgrades HCI Group to Neutral, Announces $120 Price Target
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Casey Alexander has downgraded HCI Group from Buy to Neutral, setting a price target of $120.
October 21, 2024 | 9:59 am
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Compass Point has downgraded HCI Group from Buy to Neutral, with a new price target of $120. This downgrade may indicate a less optimistic outlook on the stock's performance.
The downgrade from Buy to Neutral suggests that the analyst sees less potential for upside in HCI Group's stock price. The $120 price target provides a specific valuation expectation, which may influence investor sentiment negatively in the short term.
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