Hartford downgraded at Evercore ISI, more relative upside seen elsewhere

As previously reported, Evercore ISI analyst David Motemaden downgraded Hartford Financial (HIG) to In Line from Outperform with an $85 price target. Hartford is "inexpensive," and underperformed the group in 2022, but he struggles to see the stock re-rating and sees more relative upside at Travelers (TRV), Chubb (CB) and W. R. Berkley (WRB), Motemaden tells investors.