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Lemonade price target lowered to $16 from $18 at Barclays
The Fly

Lemonade price target lowered to $16 from $18 at Barclays

Barclays lowered the firm’s price target on Lemonade to $16 from $18 and keeps an Equal Weight rating on the shares. The company’s LMND‘s 89% gross loss ratio has along way to go to meet its less than 75% target, the analyst tells investors in a research note.

Published first on TheFly

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