Barclays analyst Alex Scott lowered the firm’s price target on Hartford (HIG) to $156 from $159 and keeps an Overweight rating on the shares. The company’s core Q1 earnings miss estimates due to a $70M legacy general liability reserve charge which is more one-time in nature, the analyst tells investors in a research note.
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Read More on HIG:
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- HIG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Hartford Financial price target raised to $138 from $136 at BofA
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