UBS analyst Brian Meredith raised the firm’s price target on Hartford Financial (HIG) to $152 from $150 and keeps a Buy rating on the shares. Property and casualty insurance stocks underperformed in Q3, but lighter catastrophe losses support higher earnings estimates, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIG:
- Hartford Financial price target raised to $160 from $142 at Barclays
- Hartford Financial price target raised to $140 from $135 at Morgan Stanley
- Hartford Financial price target raised to $144 from $137 at Keefe Bruyette
- Hartford Financial price target raised to $137 from $133 at Evercore ISI
- Hartford Financial Secures $750M Credit Facility Agreement
