BMO Capital analyst Michael Zaremski raised the firm’s price target on Travelers (TRV) to $270 from $233 and keeps an Outperform rating on the shares. The company’s personal lines segment is expected to underperform its ten-year averages by 110bps and 40bps in 2024 and 2025, respectively, though it is not at risk of potentially “over-earning” on its combined ratio metric relative to historical levels, the analyst tells investors in a research note.
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Read More on TRV:
- W. R. Berkley price target raised to $60 from $57 at Evercore ISI
- Travelers price target raised to $273 from $245 at Keefe Bruyette
- Travelers price target raised to $300 from $240 at Roth MKM
- Travelers price target raised to $256 from $207 at Wells Fargo
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