Hartford Financial price target raised to $97 from $93 at Piper Sandler

Piper Sandler analyst Paul Newsome raised the firm’s price target on Hartford Financial to $97 from $93 and keeps an Overweight rating on the shares. The firm notes results were broadly better than it had expected, including lower than expected catastrophe losses, group benefit earnings. Piper continues to believe Hartford Financial’s valuation does not reflect its relatively high ROE.