JPMorgan Chase Downgrades Baldwin Insurance Group to Neutral

JPMorgan Chase & Co. downgraded Baldwin Insurance Group (NASDAQ:BWIN) from an 'overweight' rating to a 'neutral' rating in a note issued to investors on Thursday.

According to MarketBeat, the analysts now have a $32.00 price target on the stock, which points to a potential upside of 0.66% from the previous close.

This is not the only rating change for Baldwin Insurance Group this month, as UBS Group increased their target price on shares of the company from $35.00 to $37.00 and gave it a 'buy' rating in a research note on Monday, August 3rd.