Root price target lowered to $75 from $96 at Wells Fargo

Wells Fargo analyst Elyse Greenspan lowered the firm’s price target on Root (ROOT) to $75 from $96 and keeps an Equal Weight rating on the shares. Into quarterly results for the insurance space, the firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/capital/guidance for life companies.