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Analysts Offer Insights on Financial Companies: Affiliated Managers (AMG), Bank of New York Mellon Corporation (BK) and Travelers Companies (TRV)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Affiliated Managers (AMGResearch Report), Bank of New York Mellon Corporation (BKResearch Report) and Travelers Companies (TRVResearch Report).

Affiliated Managers (AMG)

Jefferies analyst Daniel Fannon maintained a Hold rating on Affiliated Managers on July 11 and set a price target of $123.00. The company’s shares closed last Thursday at $112.01, close to its 52-week low of $110.91.

According to TipRanks.com, Fannon is a 5-star analyst with an average return of 8.7% and a 62.4% success rate. Fannon covers the Financial sector, focusing on stocks such as Intercontinental Exchange, WisdomTree Investments, and Janus Henderson Group.

Affiliated Managers has an analyst consensus of Strong Buy, with a price target consensus of $157.60.

See the top stocks recommended by analysts >>

Bank of New York Mellon Corporation (BK)

In a report issued on July 11, Ken Usdin from Jefferies maintained a Buy rating on Bank of New York Mellon Corporation, with a price target of $49.00. The company’s shares closed last Thursday at $40.16.

According to TipRanks.com, Usdin is a 5-star analyst with an average return of 17.0% and a 60.3% success rate. Usdin covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Texas Capital Bancshares, and Huntington Bancshares.

Currently, the analyst consensus on Bank of New York Mellon Corporation is a Moderate Buy with an average price target of $50.18, implying a 24.5% upside from current levels. In a report issued on July 11, UBS also maintained a Buy rating on the stock with a $52.00 price target.

Travelers Companies (TRV)

JMP Securities analyst Matthew Carletti maintained a Hold rating on Travelers Companies on July 11. The company’s shares closed last Thursday at $156.30.

According to TipRanks.com, Carletti is a 2-star analyst with an average return of -0.4% and a 53.9% success rate. Carletti covers the Financial sector, focusing on stocks such as Argo Group International Holdings, Heritage Insurance Holdings, and Old Republic International.

Travelers Companies has an analyst consensus of Hold, with a price target consensus of $178.93, representing a 12.3% upside. In a report issued on July 7, UBS also maintained a Hold rating on the stock with a $184.00 price target.

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