Citigroup Downgrades Hartford Finl Servs Gr to Neutral, Lowers Price Target to $114
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Ward has downgraded Hartford Financial Services Group (NYSE:HIG) from Buy to Neutral and lowered the price target from $116 to $114.
June 28, 2024 | 3:02 pm
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Citigroup analyst Michael Ward downgraded Hartford Financial Services Group (NYSE:HIG) from Buy to Neutral and reduced the price target from $116 to $114.
The downgrade from Buy to Neutral and the reduction in the price target from $116 to $114 by Citigroup is likely to have a negative short-term impact on HIG's stock price. Downgrades typically signal a lack of confidence in the stock's near-term performance, which can lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100