JPMorgan analyst Cory Carpenter reinstated coverage of MediaAlpha with an Overweight rating with an unchanged price target of $12. The analyst likes the company as a levered play on the eventual auto insurance recovery. However, the shares shares are likely to be range-bound pending evidence of improved carrier margins, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MAX: