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Lemonade price target raised to $44 from $40 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Lemonade (LMND) to $44 from $40 and keeps an Underperform rating on the shares. 30%+ growth, sustained low loss ratios, and efficient customer acquisition spend could be “challenging” to achieve in synchrony with intensifying competition, the analyst tells investors in a research note.

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