Morgan Stanley Maintains Equal-Weight on Travelers Companies, Lowers Price Target to $183
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips has maintained an Equal-Weight rating on Travelers Companies (NYSE:TRV) and lowered the price target from $185 to $183.
October 11, 2023 | 3:01 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Travelers Companies and lowered the price target from $185 to $183.
The news is directly related to Travelers Companies (TRV). The lowering of the price target by Morgan Stanley might create a negative sentiment among investors, but as the rating is maintained at Equal-Weight, it indicates that the stock is expected to perform in line with the market. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100