Wells Fargo lowered the firm’s price target on Hartford Financial to $111 from $117 and keeps an Overweight rating on the shares. The firm notes shares underperformed on the EPS miss and continued pressure in PI as well as high expectations given the stock has been strong year-to-date. Despite the sell down, Wells sees it as a decent quarter with bullish market commentary.
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Read More on HIG:
- Hartford Financial reports Q1 core EPS $2.34, consensus $2.45
- Hartford Financial Services (HIG) Q1 Earnings Cheat Sheet
- Hartford Financial price target raised to $113 from $109 at Citi
- Hartford Financial price target raised to $104 from $91 at JPMorgan
- Hartford Financial price target raised to $105 from $95 at RBC Capital
