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Analysts Offer Insights on Financial Companies: Bank of America (BAC) and Travelers Companies (TRV)

Analysts fell to the sidelines weighing in on Bank of America (BACResearch Report) and Travelers Companies (TRVResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Bank of America (BAC)

BMO Capital analyst James Fotheringham maintained a Hold rating on Bank of America today and set a price target of $40.00. The company’s shares closed last Wednesday at $46.44.

According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 19.5% and a 71.8% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Discover Financial Services, International Money Express, and Victory Capital Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank of America with a $52.66 average price target, an 8.8% upside from current levels. In a report issued on January 5, Societe Generale also downgraded the stock to Hold.

See the top stocks recommended by analysts >>

Travelers Companies (TRV)

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Travelers Companies today and set a price target of $161.00. The company’s shares closed last Wednesday at $160.07.

According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 11.2% and a 65.4% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.

Travelers Companies has an analyst consensus of Hold, with a price target consensus of $168.83, a 2.5% upside from current levels. In a report issued on January 6, Jefferies also maintained a Hold rating on the stock with a $176.00 price target.

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