JP Morgan Downgrades Hartford Finl Servs Gr to Neutral, Lowers Price Target to $91
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jimmy Bhullar downgraded Hartford Financial Services Group (HIG) from Overweight to Neutral and reduced the price target from $94 to $91.
January 08, 2024 | 12:09 pm
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Hartford Financial Services Group was downgraded by JP Morgan from Overweight to Neutral, with a price target decrease from $94 to $91.
Downgrades by major analysts like JP Morgan can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further supports the expectation of a downward movement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100