Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of Root Are Falling Today

TheMotleyFool

0 0

Shares of the insurtech company Root (NASDAQ: ROOT) had fallen nearly 10% as of 3:12 p.m. EST after an analyst at Barclays downgraded the company and assigned the stock a new price target.

Barclays analyst Tracy Benguigui demoted Root from an equal-weight rating to an underweight rating, meaning she expects shares to underperform the industry as a whole. Benguigi also cut her price target on Root from $5 per share to $3 per share, implying a downside of roughly 40% from its current stock price.

Image source: Getty Images.

Source Fool.com

Like: 0

ROOT

Share