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Travelers price target raised to $316 from $304 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields raised the firm’s price target on Travelers (TRV) to $316 from $304 and keeps an Outperform rating on the shares. Travelers’ current valuation underappreciates its many underwriting strengths and investment income growth, the analyst tells investors in a research note.

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