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
See today’s best-performing stocks on TipRanks >>
Read More on LMND: