Goldman Sachs downgraded Fidelis Insurance (FIHL) to Sell from Neutral with a price target of $16, down from $21. Fidelis is the most exposed to declining property catastrophe pricing as nearly all of the company’s book is property and short tail business, the analyst tells investors in a research note. Goldman expects Fidelis will start to feel the pressure of price declines on both growth and eventually on margins.
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Read More on FIHL:
- Fidelis Insurance price target lowered to $20 from $21 at Barclays
- Fidelis Insurance price target lowered to $20 from $21 at JPMorgan
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- Fidelis Insurance Reports Strong Q3 2024 Results
- Fidelis Insurance Sees Strong Growth in Q3 2024
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
