US Stock Market Move | JP Morgan raised its rating and target price on Lemonade (LMND.US), causing the stock to surge more than 13%.

On Wednesday, Lemonade (LMND.US) stock price rose, soaring over 13% to $45.55 as of the time of publication. JPMorgan Chase upgraded the stock to "neutral" from "underweight" and raised the target price from $23 to $42.