Citizens JMP analyst Matthew Carletti initiated coverage of Hagerty (HGTY) with an Outperform rating and $15 price target Hagerty is the global leader in specialty insurance for classic and enthusiast vehicles with a “wide moat and limited competition,” the analyst tells investors in a research note. The firm believes Hagerty has macro tailwinds and the right structure to drive strong growth for the foreseeable future.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HGTY: