JPMorgan raised the firm’s price target on Travelers (TRV) to $271 from $260 and keeps an Underweight rating on the shares as part of a Q1 preview for the property and casualty sector. The outlook for the P&C sector is positive given ongoing firm pricing, a defensive risk profile, and attractive valuation levels, the analyst tells investors in a research note
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRV:
- Early notable gainers among liquid option names on February 24th
- Electronic Arts initiated, Workday downgraded: Wall Street’s top analyst calls
- Travelers upgraded to Outperform from Market Perform at Keefe Bruyette
- U.S. Insurers AIG, TRV, ALL and CB Project Billions of Losses from California Wildfires
- Travelers Companies Reports $1.7 Billion Catastrophe Losses