Wells Fargo raised the firm’s price target on Hartford Financial to $134 from $122 and keeps an Overweight rating on the shares. With Hartford Financial up 45% year-to-date, the firm still sees additional multiple expansion driven by earnings growth, lack of reserve noise, improving personal auto margins and ROEs above 15% anchor.
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Read More on HIG:
- Hartford Financial initiated with an Equal Weight at Barclays
- Hartford Financial price target raised to $115 from $105 at RBC Capital
- Hartford Financial price target raised to $125 from $112 at Piper Sandler
- Hartford Financial announces new $3.3B stock buyback
- Hartford Financial reports Q2 core EPS $2.50, consensus $2.24