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.
Published first on TheFly
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