Goldman Sachs Maintains Sell on Travelers Companies, Raises Price Target to $186
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alex Scott has maintained a Sell rating on Travelers Companies (NYSE:TRV) but increased the price target from $166 to $186.
January 22, 2024 | 12:53 pm
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Goldman Sachs reaffirms a Sell rating on Travelers Companies but raises the price target from $166 to $186, indicating a potential downside from the current price level.
The maintenance of a Sell rating suggests that Goldman Sachs believes TRV's stock may not perform well in the near term. However, the increase in the price target could imply that the downside risk may be less severe than previously thought, or that the stock's market conditions have slightly improved. Investors may view the raised price target as a sign of some positive changes in the company's outlook, but the Sell rating still indicates an overall negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100