Keefe, Bruyette & Woods Downgrades Hippo Holdings Inc (HIPO) to Market Perform

Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith downgraded Hippo Holdings Inc (NYSE: HIPO) from Outperform to Market Perform with a price target of $20.00.

The analyst commented, "we are downgrading HIPO as we expect challenging weather to counteract recent aggressive underwriting actions. The targeted 2025 timeline for positive AEBITDA is already consensus now, and we're modestly below consensus, so we move to Market Perform without clear-cut catalysts in view and the stock up 112% YTD."

For an analyst ratings summary and ratings history on Hippo Holdings Inc click here. For more ratings news on Hippo Holdings Inc click here.

Shares of Hippo Holdings Inc closed at $19.31 yesterday.

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