The Hanover price target raised to $160 from $152 at BofA

BofA raised the firm’s price target on The Hanover to $160 from $152 and keeps a Neutral rating on the shares after the company pre-announced Q2 operating EPS of $1.88, which was a beat compared to the firm’s prior forecast of $1.03, as well as consensus of $1.39 and the Street high of $1.65. The firm’s 2024 EPS forecast “materially” rises on the better-than-expected Q2 results and its 2025-26 EPS estimates “modestly” rise on the ripple effect, the analyst tells investors.