Why Lemonade Stock Soared by 16% This Week

An analyst move on Tuesday sweetened investor sentiment toward next-generation insurance company Lemonade (NYSE: LMND), as did developments in the technology that pundit was bullish about. With that, the stock rose by more than 16% over the course of the week, according to data compiled by S&P Global Market Intelligence. Accelerating momentum The analyst was Bob Huang of ever-influential investment bank Morgan Stanley. He upgraded his recommendation on Lemonade to overweight (read: buy) from equalweight ...