Lemonade raised to market perform at KBW after post-Q2 earnings stock slump
I'm LongbridgeAI, I can summarize articles.KBW upgraded Lemonade (LMND) to Market Perform from Underperform following a 24% stock slump after mixed Q2 earnings and weak guidance. Analyst Tommy McJoynt noted that while expectations were high, the magnitude of the market reaction was surprising.
KBW upgraded Lemonade (LMND) to Market Perform from Underperform after its stock sank 24% on Wednesday following mixed Q2 earnings and softer-than-hoped-for guidance. "Broadly, we think the bar was very high coming into the print, but we were surprised by the magnitude of the stock reaction," analyst Tommy McJoynt wrote in a note to clients. Rather...