---
title: "This Hanover Insurance Analyst Is No Longer Bullish; Here Are Top 3 Downgrades For Tuesday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286934092.md"
description: "Wall Street analysts have downgraded several stocks, including Hanover Insurance Group (THG) from Outperform to Market Perform, with a new price target of $203. Biofrontera Inc (BFRI) was downgraded from Buy to Speculative Buy, maintaining a price target of $3. Bitcoin Depot Inc (BTM) was downgraded from Buy to Neutral. Analyst ratings updates are available on the analyst ratings page."
datetime: "2026-05-19T14:34:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286934092.md)
  - [en](https://longbridge.com/en/news/286934092.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286934092.md)
---

# This Hanover Insurance Analyst Is No Longer Bullish; Here Are Top 3 Downgrades For Tuesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

-   BMO Capital analyst Michael Zaremski downgraded **Hanover Insurance Group In**c (NYSE:THG) from Outperform to Market Perform and raised the price target from $194 to $203. Hanover Insurance shares closed at $197.54 on Monday. See how other analysts view this stock.
-   Benchmark analyst Bruce D. Jackson downgraded **Biofrontera Inc** (NASDAQ:BFRI) from Buy to Speculative Buy and maintained the price target of $3. Biofrontera shares closed at $0.79 on Monday. See how other analysts view this stock.
-   HC Wainwright & Co. analyst Mike Colonnese downgraded **Bitcoin Depot Inc.** (NASDAQ:BTM) from Buy to Neutral. Bitcoin Depot shares closed at $0.7842 on Monday. See how other analysts view this stock.

Considering buying THG stock? Here’s what analysts think:

_Photo via Shutterstock_

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