Goldman Sachs analyst Robert Cox lowered the firm’s price target on Ryan Specialty (RYAN) to $42 from $49 and keeps a Buy rating on the shares. Investors are expected to react negatively to Ryan’s consecutive guidance cuts despite a stronger Q1, with recent peer-driven stock weakness and relatively low valuation versus medium- to long-term growth expectations likely only partially offsetting the downside sentiment, the analyst says in a research note.
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