An image of a man at his desk working using two monitors
Markets

Hartford Financial Upgraded to “Outperform” at Credit Suisse; Shares Rise (HIG)

Insurance and financial services provider Hartford Financial Services ( HIG ) on Wednesday caught a big upgrade from analysts at Credit Suisse, sending its shares higher in premarket trading.

The firm said it boosted its rating on HIG from "Neutral" to "Outperform" with a $27 price target. That target suggests a massive 56% upside to the stock's Tuesday closing price of $17.35.

Credit Suisse noted that at current levels, the company is trading at a discount to its potential liquidation value.

Hartford Financial shares rose 53 cents, or +3%, in premarket trading Wednesday.

The Bottom Line

Shares of Hartford Financial ( HIG ) have a 2.31% dividend yield, based on last night's closing stock price of $17.35. The stock has technical support in the $15 price area. If the shares can firm up, we see overhead resistance around the $20-$22 price levels.

Hartford Financial Services ( HIG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

HIG

Other Topics

Stocks

Latest Markets Videos