Morgan Stanley Maintains Equal-Weight on Hartford Finl Servs Gr, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips maintains an Equal-Weight rating on Hartford Financial Services Group (HIG) and lowers the price target from $110 to $109.

April 26, 2024 | 4:44 pm
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Morgan Stanley maintains an Equal-Weight rating on Hartford Financial Services Group, with a reduced price target from $110 to $109.
The reduction in price target by Morgan Stanley, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a slight decrease in HIG's stock price. The Equal-Weight rating suggests that the analyst views the company as adequately valued at its current price, but the lowered target indicates a slight adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100