The Hanover drops 5% on analyst downgrade

Shares in The Hanover have fallen more than 4 percent in morning
trading in New York after an analyst downgraded his performance
targets for the group.
The stock had dropped 4.89 percent to $84.57 as of 16:15 GMT
following the release of a note from Keefe Bruyette & Woods
analyst Meyer Shields that downgraded the company to
"underperform" and lowered its share price target from
$85.00 to $81.00.
Shields cited concerns over deterioration of the core loss ratio
in the...