Citi raised the firm’s price target on Travelers to $204 from $185 and keeps a Neutral rating on the shares. The analyst increased Q4 earnings estimates by 10% on lower catastrophes, partially offset by less favorable reserve development in Business Insurance.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TRV:
- Options Volatility and Implied Earnings Moves This Week, January 16 – January 19, 2024
- Travelers initiated with Outperform, named Top Pick at TD Cowen
- Microsoft target hike, WisdomTree upgrade: Wall Street’s top analyst calls
- Travelers initiated with a Hold at HSBC
- Salesforce downgraded, Starbucks initiated: Wall Street’s top analyst calls