Keefe Bruyette upgraded The Hanover (THG) to Outperform from Market Perform with a price target of $188, up from $173. The firm adjusted ratings on the property and casualty space as part of Q2 preview. It believes catastrophe losses in the quarter suggest that pricing, loss trends, reserve development and capital deployment will dominate the earnings calls. Keefe expects moderate catastrophe losses but mostly reduced price targets to reflect tariff-related uncerintaty. It upgraded The Hanover and downgraded both Arch Capital and Renaissancere Holdings.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THG: