Keefe Bruyette analyst Ryan Tomasello raised the firm’s price target on Porch Group (PRCH) to $6 from $3.50 and keeps a Market Perform rating on the shares. The firm tells investors that it would not be surprised to see the stock give back gains following the presumed short covering.
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Read More on PRCH:
- Cautious Hold Rating on Porch Group Amid Revenue Challenges and Valuation Concerns
- Porch Group price target raised to $6 from $3.50 at Keefe Bruyette
- Porch Group’s Earnings Call: Optimism Amid Challenges
- Amazon introduces Alexa+, GM announces $6B stock buyback: Morning Buzz
- Porch Group price target raised to $8 from $7 at Oppenheimer
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