tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Baldwin Group downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Jimmy Bhullar downgraded Baldwin Group (BWIN) to Neutral from Overweight with a price target of $45, up from $39. There is is more risk to the company’s fundamental outlook than previously given the current macro backdrop, and the stock’s risk/reward seems more balanced at the current price, the analyst tells investors in a research note. Longer term, the firm remains upbeat about Baldwin’s prospects.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1