Barclays upgraded Hiscox (HCXLF) to Overweight from Equal Weight with a price target of 1,400 GBp, up from 1,180 GBp. The company’s new retail strategy “provides investment case differentiation” amid an expected softening of the large ticket reinsurance and large commercial market environment, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HCXLF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue