Truist lowered the firm’s price target on Goosehead Insurance (GSHD) to $85 from $90 and keeps a Hold rating on the shares. The firm’s regression analysis suggests that the company’s new sales growth should be in the mid-teens, below the consensus outlook for 21%, the analyst tells investors in a research note. Truist adds that Corporate Renewal Commission estimates appear to assume too sharp an improvement in commission retention.
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