BMO Capital downgraded Goosehead Insurance to Market Perform from Outperform with an unchanged price target of $90. The downgrade is based on a near-term view that the company’s profit margins could come under incremental year-over-year pressure as Goosehead leans into its improved hiring strategy, the analyst tells investors in a research note. The firm says its unchanged price target already embeds a discount owing to near-term uncertainty around the company’s growth fully reaccelerating.
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