CNA Financial price target raised to $45 from $43 at BofA

BofA raised the firm’s price target on CNA Financial (CNA) to $45 from $43 and keeps an Underperform rating on the shares. The company reported “mixed” Q1 results, with core earnings per share in line with the firm’s estimate but lower than Wall Street’s consensus view, the analyst tells investors in a research note. The firm said that, upon incorporating the results into its model, its projections rise primarily form higher investment income projections from higher reported investable assets. BofA added that its price target rises on a higher peer multiple and higher 2027 EPS estimate.