Hurricane Milton Could Cause $175B In Losses If It Hits Tampa: Analyst

A National Hurricane Center map shows the forecast path of Hurricane Milton as of 4 p.m. CT on Tuesday, Oct. 8, 2024. (Credit: National Hurricane Center)

Hurricane Milton could cause $175 billion in losses if forecasts that call for it to make landfall near Tampa Bay prove accurate.

Yaron Kinar, a stock analyst for Jefferies Financial group, told investors in a note Tuesday that a "major hurricane impact in one of Florida's most heavily populated regions could result in mid-double-digit billion dollar loss," CNBC reported.