JP Morgan Maintains Underweight on Travelers Companies, Raises Price Target to $213
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jimmy Bhullar maintains an Underweight rating on Travelers Companies (TRV) and raises the price target from $194 to $213.
April 08, 2024 | 8:21 pm
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JP Morgan analyst Jimmy Bhullar maintains an Underweight rating on Travelers Companies but raises the price target from $194 to $213.
While the Underweight rating suggests a cautious outlook on TRV's stock, the increase in price target from $194 to $213 indicates a positive adjustment in valuation expectations. This mixed signal could lead to neutral short-term price movement as investors weigh the unchanged rating against the higher price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100