BUZZ-J.P. Morgan upgrades Baldwin Group after take-private report

Baldwin Insurance Group, Inc. Class A

Baldwin Insurance Group, Inc. Class A

BWIN

0.00

** Shares of insurance distribution firm Baldwin Group BWIN.O rise 21% to $21.1

** J.P. Morgan upgrades BWIN to "overweight" from "neutral"; lifts PT to $28 from $25, a 38.3% upside to stock's last close

** Late last Thursday, the Insurance Insider reported that BWIN is exploring a take-private transaction

** J.P. Morgan says a take-private transaction is a credible enough outcome that could crystallize value in the stock by allowing a new owner to capitalize improving fundamentals over the next several years

** Seven of 11 analysts rate stock "strong buy" or "buy" and four "hold"; their median PT is $27.23 - data compiled by LSEG

** Including session's move, stock up 1.9% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.