Cincinnati Financial price target raised to $140 from $130 at Roth MKM

Roth MKM raised the firm’s price target on Cincinnati Financial to $140 from $130 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s better-than-expected earnings were chiefly due to better underwriting, with the combined ratio coming in one full point better than expected at 98.5%, the analyst tells investors in a research note.