Lemonade price target lowered to $34 from $44 at Piper Sandler

Piper Sandler analyst Arvind Ramnani lowered the firm’s price target on Lemonade (LMND) to $34 from $44 following multiple revision to reflect longer time horizon, while keeping a Neutral rating on the shares. The firm says Lemonade rounded out a strong 2024, with a Q4 that was comfortably the company’s “best quarter ever.”