Wells Fargo raised the firm’s price target on Travelers (TRV) to $307 from $294 and keeps an Equal Weight rating on the shares. Into quarterly results for the insurance space, the firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/capital/guidance for life companies.
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Read More on TRV:
- Travelers price target lowered to $312 from $315 at Barclays
- Travelers downgraded to Neutral at Goldman Sachs amid softening P&C market
- Travelers downgraded to Neutral from Buy at Goldman Sachs
- Travelers price target raised to $317 from $309 at Evercore ISI
- Travelers price target raised to $305 from $302 at JPMorgan