Travelers price target raised to $264 from $260 at Wells Fargo

Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Travelers (TRV) to $264 from $260 and keeps an Equal Weight rating on the shares ahead of quarterly results. The firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/VII/capital for life companies.