TD Cowen Downgrades Travelers Companies to Hold, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Kligerman has downgraded Travelers Companies (NYSE:TRV) from Buy to Hold and lowered the price target from $252 to $230.
July 15, 2024 | 9:59 am
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NEGATIVE IMPACT
TD Cowen has downgraded Travelers Companies from Buy to Hold and reduced the price target from $252 to $230, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the reduction in the price target suggest that the analyst sees less upside potential for Travelers Companies in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100