Cincinnati Financial Corporation (NASDAQ:CINF) is included among the 10 Safe Stocks to Buy for the Long Term in 2026.
On May 26, Piper Sandler analyst Paul Newsome raised the firm’s price target on Cincinnati Financial Corporation (NASDAQ:CINF) to $175 from $161 and maintained a Neutral rating on the shares
The firm pointed to the stock’s recent performance and the passage of time as key reasons behind the move. Piper said it has slightly increased price targets for most insurance carriers while lowering targets for some insurance brokers. The firm’s analysis takes a bottom-up approach.
After reviewing first-quarter results, Piper believes carriers may be in a stronger position than brokers right now. Underwriting performance came in better than expected for carriers, while brokers saw softer organic growth trends. On April 28, BofA raised its price target on Cincinnati Financial (CINF) to $183 from $177 and kept a Buy rating on the stock.