Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Lemonade Stock Slipped Today

TheMotleyFool

0 0

Lemonade's (NYSE: LMND) stock continued on its recent downward trend on Friday, although its price drop wasn't as severe as in previous days. It slipped by 0.1% on an otherwise bullish day for the market; two analysts' share price target chops were the catalysts for the latest fall.

On Friday morning, Oppenheimer (NYSE: OPY) prognosticator Jason Helfstein lopped $40 off his previous $85 per share price target for Lemonade, giving it a new target of $45. Despite that rather deep cut, Helfstein is maintaining his outperform (i.e., buy) recommendation on the stock.

Image source: Getty Images.

Source Fool.com

Like: 0

LMND

Share