Piper Sandler Maintains Neutral Rating for Travelers Companies: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Neutral rating for Travelers Companies (NYSE:TRV) but lowered its price target from $208.00 to $176.00. Travelers Companies' shares are currently trading down 1.81% at $169.47 per share. A move to $176.00 would account for a 3.85% increase from the current share price.
July 06, 2023 | 5:01 pm
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NEGATIVE IMPACT
Piper Sandler has maintained its Neutral rating for Travelers Companies but lowered its price target. This could potentially impact the stock's performance in the short term.
The lowering of the price target by Piper Sandler, a well-known financial institution, could potentially lead to a decrease in investor confidence in Travelers Companies, thereby negatively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100