Evercore downgraded Travelers (TRV) from strong-buy to hold as the stock approached its 52-week high. Subsequently, Morgan Stanley lowered its rating to underweight and reduced the price target from $333 to $290. Meanwhile, JPMorgan maintained a neutral rating while raising its price target for the stock from $322 to $341.
JPMorgan adjusted its price target for Travelers Companies to $341 from $322, maintaining a Neutral rating amid updated valuations in the insurance sector.
Read the full storyMorgan Stanley downgraded Travelers Companies (TRV) to Underweight and slashed its price target from $333 to $290, citing a revised negative outlook.
Evercore downgraded Travelers Companies from strong-buy to hold, citing cautious valuations and insider selling as the stock trades near its 52-week high.