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Fly News Breaks for December 14, 2018
PRA
Dec 14, 2018 | 08:22 EDT
SunTrust analyst Mark Hughes lowered his price target on ProAssurance to $45 and kept his Hold rating after meeting with its CEO and COO. The analyst sees the downside around the "lack of clarity on pricing and loss trends" balances the upside of "compelling valuation". Hughes adds however that he may turn more constructive on ProAssurance shares as the management navigates the "emerging cycle" and resolves its "ambiguous situation".
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