Bank of America Merrill Lynch Reiterates Buy Rating, $25 PO on Hartford Financial Services
In a report published Friday, Bank of America Merrill Lynch reiterated its Buy rating and $25.00 price objective on Hartford Financial Services (NYSE: HIG).
BofA Merrill Lynch noted, “While Hartford faces key fundamental challenges in its life ops, we believe these challenges are more than reflected in the current valuation. Recent capital raise and repayment of government funds along with actions it has taken to de-risk its balance sheet and the recovery in financial markets over the past year have increased our confidence in its capital strength.”
Hartford Financial Services closed on Thursday at $19.30.
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