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Fidelis Insurance price target lowered to $18 from $19 at JPMorgan

JPMorgan lowered the firm’s price target on Fidelis Insurance (FIHL) to $18 from $19 and keeps a Neutral rating on the shares as part of a Q1 preview for the property and casualty sector. The outlook for the P&C sector is positive given ongoing firm pricing, a defensive risk profile, and attractive valuation levels, the analyst tells investors in a research note.

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