MKM Partners analyst Harry Fong raised his price target on Cincinnati Financial to $120 and kept his Buy rating after attending the company's sales meeting, saying the attendance count was more than double compared to a "few years ago". The analyst is positive on the company's "unique" and "specialty" relationship with its agents, noting that its incentive comp is one of the most generous in the industry. Fong further contends that the company's underlying business is stronger today than it has been "in a while" and offers "better growth prospects."