Hartford Financial price target raised to $110 from $104 at Argus

Argus raised the firm’s price target on Hartford Financial to $110 from $104 and keeps a Buy rating on the shares. The analyst cites the company’s recent Q1 earnings beat while noting that the firm expects Hartford Financial to generate above-peer-average return-on-equity over the next few years as management raises prices and reduces operating expenses. Hartford Financial faces risks from catastrophe losses and market volatility, but it should also benefit from lower morbidity rates, higher written premiums, and disciplined expense management, the firm tells investors in a research note.