Keefe Bruyette raised the firm’s price target on The Hanover to $144 from $142 and keeps a Market Perform rating on the shares following the Q2 report. The firm thinks the stock’s current valuation reasonably reflects The Hanover’s expected progress toward reducing its overall property-related earnings volatility and achieving its targeted personal lines returns.
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Read More on THG:
- The Hanover price target lowered to $158 from $161 at BofA
- The Hanover price target raised to $160 from $150 at JMP Securities
- The Hanover reports Q2 EPS $1.88, consensus $1.85
- The Hanover Reports Strong Second Quarter Net Income and Operating Income of $1.12 and $1.88 per Diluted Share, Respectively
- The Hanover Insurance (THG) Q2 Earnings Cheat Sheet