Cantor Fitzgerald lowered the firm’s price target on Ryan Specialty (RYAN) to $40 from $45 and keeps a Neutral rating on the shares. The firm adjusted ratings and targets in the insurance group as part of a Q1 earnings preview. Soft market conditions are better reflected in reinsurer valuations than in specialty and commercial lines, the analyst tells investors in a research note.
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 RYAN:
- Ryan Specialty price target lowered to $59 from $65 at UBS
- Ryan Specialty price target lowered to $41 from $45 at Barclays
- Ryan Specialty price target lowered to $49 from $55 at Keefe Bruyette
- Ryan Specialty price target lowered to $50 from $55 at Morgan Stanley
- Ryan Specialty price target lowered to $55 from $60 at Citi