THG - The Hanover Insurance Group Is Poised For A Turnaround Despite Inflation In Personal Auto & Home: Analyst Makes Bullish Case | Benzinga
BMO Capital Markets analyst Michael Zaremski upgraded The Hanover Insurance Group Inc (NYSE: THG) to Outperform from Market Perform rating with a price target of $126.00 (prior $125.00).
The analyst expects the company's ROE to revert closer to 13% following a series of disappointing quarters.
While the past year has been painful, THG has a profitable history in Michigan, the analyst noted.
Overall top-line growth is unlikely to slow, given how inflationary the ...