Morgan Stanley downgraded Hamilton Insurance to Equal Weight from Overweight with an unchanged price target of $19. With the stock above the firm’s price target of $19, the firm believes the upside from here is more limited, noting that the stock has appreciated about 33% year-to-date versus a peer average of about 11%.
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Read More on HG:
- Hamilton Insurance price target raised to $22 from $21 at Keefe Bruyette
- Hamilton Insurance price target raised to $25 from $23 at JMP Securities
- Hamilton Insurance to repurchase up to $150M of common shares
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