RBC Capital analyst Rowland Mayor lowered the firm’s price target on Accelerant (ARX) to $29 from $33 and keeps an Outperform rating on the shares. The firm is adjusting its model after the company’s in-line Q2 results, the analyst tells investors in a research note. The stock’s sell-off was overdone, with Hadron contribution and revenue miss distracting from strong embedded growth, the firm added.
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