Jefferies initiated coverage of Ryan Specialty (RYAN) with a Hold rating and $64 price target The firm says the company can continue to post strong organic growth over the next couple of years. However, it does not see Ryan’s organic growth reaccelerating or margin expansion in the near-term, which limits the stock’s opportunity for a re-rating.
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Read More on RYAN:
- Ryan Specialty Group: Hold Rating Amidst Valuation Compression and Limited Near-Term Growth Prospects
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