Health

JPMorgan downgrades Chamath Palihapitiya-backed Clover Health - and expects the stock to flatline over the next 16 months

2 monthes ago   |   By Business Insider

Clover Health listed on the Nasdaq in January.
VIEW press/Getty Images
JPMorgan has downgraded its rating on Clover Health in the wake of its first-quarter earnings.
The bank's analysts said the company faces a difficult market and could underperform as it expands.
They slashed their December 2022 price target for the stock to $9, from $15 previously.
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JPMorgan analysts have downgraded the stock of Clover Health after being underwhelmed by the healthcare company's first-quarter earnings. The analysts, led by Lisa...
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