Keefe, Bruyette & Woods Starts Cincinnati Financial (CINF) at Market Perform; Fairly Valued

Keefe, Bruyette & Woods initiates coverage on Cincinnati Financial (NASDAQ: CINF) with a Market Perform. PT $31.

KBW analyst says, "We view CINF as a well-established commercial lines carrier, on the verge of being considered a national underwriter. Tough market conditions in recent years have put the company in a position where it must reinvent itself to a degree to get back to generating attractive returns. A recently revamped management team is now in place to make the company more nimble."

For more ratings news on Cincinnati Financial click here and for the rating history of Cincinnati Financial click here.

Shares of Cincinnati Financial closed at $30.19 yesterday.

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