BofA Securities analyst Joshua Shanker lowered the price target on CNA Financial (NYSE: CNA) to $42.00 (from $43.00) while maintaining a Underperform rating.

The analyst comments "Our 2026E EPS declines 13% with the 1Q26 miss and lower NWP growth forecasts, while our forward projections decline reflecting higher loss ratio forecasts. Our EPS falls to $42, based on 80% of the large-cap peer group year-ahead P/E multiple of 10.3x (prior: 9.9x) on a lower 2028E EPS estimate. Downside vs our PO informs our U/P rating."