Ryan Specialty Group Holdings, Inc. (RYAN) experienced a significant pre-market plunge of 9.87% on Friday, reflecting negative sentiment among investors.
The sharp decline appears to be driven by a series of analyst price target cuts that were announced ahead of the trading session. Multiple financial firms, including Jefferies, KBW, Barclays, Mizuho, and Piper Sandler, all lowered their price targets for Ryan Specialty Holdings, signaling reduced expectations for the company's stock performance.