Hartford Financial price target lowered to $111 from $117 at Wells Fargo

Wells Fargo lowered the firm’s price target on Hartford Financial to $111 from $117 and keeps an Overweight rating on the shares. The firm notes shares underperformed on the EPS miss and continued pressure in PI as well as high expectations given the stock has been strong year-to-date. Despite the sell down, Wells sees it as a decent quarter with bullish market commentary.