Goldman Sachs Maintains Sell on Travelers Companies, Raises Price Target to $212
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alex Scott has maintained a Sell rating on Travelers Companies (NYSE:TRV) but raised the price target from $186 to $212.
April 12, 2024 | 2:16 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on Travelers Companies but increases the price target from $186 to $212.
The maintenance of a Sell rating by Goldman Sachs suggests a negative outlook on TRV's stock performance in the short term. However, the increase in the price target from $186 to $212 indicates a slightly improved valuation of the company, which might mitigate some negative impact. The Sell rating is the primary driver of the negative score, reflecting an expectation of underperformance relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100