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Spruce Point goes short Erie Indemnity, sees up to 55% downside

By Yahoo! Finance   |   Oct 18, 2024 at 09:48 AM EST
Spruce Point goes short Erie Indemnity, sees up to 55% downside

Spruce Point Capital issued a Strong Sell opinion on Erie Indemnity Company, warning of a 35% to 55% stock downside. Concerns raised include Erie's management fee model and structural risks, despite recent stock gains.

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