Citigroup Maintains Neutral on Travelers Companies, Raises Price Target to $191
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Ward maintains a Neutral rating on Travelers Companies (NYSE:TRV) and raises the price target from $188 to $191.
July 24, 2023 | 2:08 pm
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NEUTRAL IMPACT
Citigroup analyst maintains a Neutral rating on Travelers Companies and raises the price target.
Citigroup's actions can influence investor sentiment towards the stocks it covers, including Travelers Companies. However, as this news is more about TRV than Citigroup itself, the relevance and importance for Citigroup are moderate.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Travelers Companies and raises the price target from $188 to $191.
The news is directly related to Travelers Companies (TRV). Citigroup's raised price target indicates a positive outlook, but the Neutral rating suggests that the stock is fairly valued at current levels. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100