Oppenheimer raised the firm’s price target on The Hanover to $165 from $150 and keeps an Outperform rating on the shares. The Hanover reported strong Q1 results, and Oppenheimer’s price target moves higher to reflect strong momentum, with improving trends for Specialty & Personal Lines in particular.
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Read More on THG:
- The Hanover Reports Strong First Quarter Net Income and Operating Income of $3.18 and $3.08 per Diluted Share, Respectively; Net and Operating Return on Equity of 18.5% and 15.1%, Respectively
- The Hanover reports Q1 EPS $3.08, consensus $2.71
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