Citigroup Downgrades Travelers Companies to Sell, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Ward has downgraded Travelers Companies (NYSE:TRV) from Neutral to Sell and lowered the price target from $226 to $200.

June 28, 2024 | 2:58 pm
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Citigroup analyst Michael Ward downgraded Travelers Companies from Neutral to Sell and reduced the price target from $226 to $200.
The downgrade from Neutral to Sell and the reduction in the price target from $226 to $200 by a major financial institution like Citigroup is likely to negatively impact the stock price of Travelers Companies in the short term. Such downgrades often lead to selling pressure as investors react to the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100