Cincinnati Financial (CINF) Gets Higher Price Target from Piper Sandler after Q1 Review

On May 26, Piper Sandler expert Paul Newsome raised the firm’s terms people connected Cincinnati Financial Corporation (NASDAQ:CINF) to $175 from $161 and maintained a Neutral standing connected the shares. The steadfast pointed to the stock’s caller show and the transition of clip arsenic cardinal reasons down the move. Piper said it has somewhat accrued terms targets for astir security carriers portion lowering targets for immoderate security brokers. The firm’s investigation takes a bottom-up approach. After reviewing first-quarter results, Piper believes carriers whitethorn beryllium successful a stronger presumption than brokers close now. Underwriting show came successful amended than expected for carriers, portion brokers saw softer integrated maturation trends.

On April 28, BofA raised its terms people connected Cincinnati Financial (CINF) to $183 from $177 and kept a Buy standing connected the stock. Following what the steadfast described arsenic “a marginal miss” successful Q1, analysts modestly accrued their EPS forecasts. The update was supported by dependable premium growth, adjacent arsenic immoderate concern lines continued to look short-term borderline pressure.

Cincinnati Financial Corporation (NASDAQ:CINF) chiefly provides business, home, and car security done The Cincinnati Insurance Company and its 2 standard-market spot casualty security companies.

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