Janney Montgomery Scott Initiates Coverage On Cincinnati Financial with Neutral Rating, Announces Price Target of $110
Portfolio Pulse from Benzinga Newsdesk
Janney Montgomery Scott analyst Robert Farnam has initiated coverage on Cincinnati Financial (NASDAQ:CINF) with a Neutral rating and set a price target of $110.

December 14, 2023 | 2:13 pm
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NEUTRAL IMPACT
Cincinnati Financial has been given a Neutral rating and a price target of $110 by Janney Montgomery Scott analyst Robert Farnam.
The initiation of coverage by an analyst typically does not have a significant short-term impact on the stock price, especially with a neutral rating. However, the price target of $110 provides a reference point for investors, which could influence investment decisions if it significantly differs from the current trading price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100