Wall Street Analysts Are Bullish on Top Financial Picks

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Hanover Insurance (THG) and Robinhood (HOOD) with bullish sentiments.

Hanover Insurance (THG)

In a report released today, Michael Phillips CFA from Oppenheimer maintained a Buy rating on Hanover Insurance, with a price target of $260.00. The company’s shares closed last Monday at $221.65.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 10.2% and a 67.1% success rate. CFA covers the Financial sector, focusing on stocks such as Selective Insurance Group, Arthur J Gallagher & Co, and Brown & Brown. ;'>

Hanover Insurance has an analyst consensus of Hold, with a price target consensus of $223.50.

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Robinhood (HOOD)

In a report released today, David Smith -CFA from Truist Financial maintained a Buy rating on Robinhood, with a price target of $134.00. The company’s shares closed last Monday at $109.22.

According to TipRanks.com, -CFA is a 4-star analyst with an average return of 10.9% and a 68.4% success rate. -CFA covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Bank of New York Mellon, and Valley National Bancorp. ;'>

Robinhood has an analyst consensus of Strong Buy, with a price target consensus of $138.86, implying a 27.7% upside from current levels. In a report released yesterday, Evercore ISI also initiated coverage with a Buy rating on the stock with a $130.00 price target.

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• The Hanover price target raised to $260 from $250 at Oppenheimer
• The Hanover price target lowered to $223 from $232 at Keefe Bruyette
• The Hanover price target lowered to $230 from $240 at Morgan Stanley
• The Hanover price target raised to $232 from $222 at Keefe Bruyette
• The Hanover price target raised to $240 from $235 at Morgan Stanley