JPMorgan analyst Jimmy Bhullar raised the firm’s price target on Travelers (TRV) to $305 from $302 and keeps an Underweight rating on the shares. The firm adjusted targets in the property and casualty insurance sector as part of its 2026 outlook. While fundamentals in the P&C sector “are getting more challenging,” pricing, margin, and growth headwinds “seem better reflected in sentiment and valuation levels,” the analyst tells investors in a research note.
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