The Hanover price target raised to $207 from $200 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields raised the firm’s price target on The Hanover (THG) to $207 from $200 and keeps an Outperform rating on the shares. The shares’ current valuation underappreciates the ongoing margin-expanding rate increases within its Core Commercial and Specialty segments, the analyst tells investors in a research note.