Hagerty price target lowered to $10 from $11 at JPMorgan

JPMorgan analyst Pablo Singzon lowered the firm’s price target on Hagerty (HGTY) to $10 from $11 and keeps a Neutral rating on the shares as part of a Q1 preview for the property and casualty sector. The outlook for the P&C sector is positive given ongoing firm pricing, a defensive risk profile, and attractive valuation levels, the analyst tells investors in a research note.