BofA raised the firm’s price target on Hartford Financial (HIG) to $135 from $125 and keeps a Neutral rating on the shares. The firm is updating its price targets for U.S. Insurance companies under its coverage, the analyst tells investors. Q3 turned out to be a “relatively calm” season without any hurricanes making landfall in the U.S. and, while 1H saw elevated levels of macro uncertainties, this did not translate to material adverse impact on earnings, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIG:
- Hartford Financial price target raised to $143 from $142 at JPMorgan
- Hartford Financial price target raised to $152 from $150 at UBS
- Hartford Financial price target raised to $160 from $142 at Barclays
- Hartford Financial price target raised to $140 from $135 at Morgan Stanley
- Hartford Financial price target raised to $144 from $137 at Keefe Bruyette