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Here's Why Lemonade Stock Is Falling Today

TheMotleyFool

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Here's Why Lemonade Stock Is Falling TodayPhoto, wide shot, wide-angle lens, soft focus, Reinsurance company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-bSRc7PrRT00tZTDNf9SggMTD.png?st=2023-05-06T18%3A48%3A49Z&se=2023-05-06T20%3A48%3A49Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-06T00%3A38%3A49Z&ske=2023-05-07T00%3A38%3A49Z&sks=b&skv=2021-08-06&sig=3seGuy7NQJX9RXUOWr6XArANokWXlKqwnEJxEHfdbSY%3D

The stock market was having a fairly strong day on Tuesday with all three major averages in positive territory. But insurance disruptor Lemonade (NYSE: LMND) was a big underperformer, with shares down by 3.5% at 12:30 p.m. EDT today.

Although earnings season just got underway, that isn't the reason for today's move. Instead, the main force driving Lemonade's stock lower is an analyst's note. Specifically, an analyst from Barclays (NYSE: BCS) lowered the price target on Lemonade from $80 to $68.

Image source: Getty Images.

Source Fool.com

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