Citigroup Maintains Neutral on Travelers Companies, Raises Price Target to $204
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Ward has maintained a Neutral rating on Travelers Companies (NYSE:TRV) and increased the price target from $185 to $204.

January 17, 2024 | 4:06 pm
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POSITIVE IMPACT
Citigroup has maintained a Neutral rating on Travelers Companies but raised the price target from $185 to $204.
The increase in price target by Citigroup suggests a positive outlook on the stock's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100