Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating on The Travelers Companies Following Rate Improvement

Share:
Related TRV
10 Industries That Could Be Impacted by Driverless Cars
Benzinga's Top Upgrades, Downgrades For April 24, 2017
US Market Indexes Gain on Thursday With New Highs (GuruFocus)

In a report published Wednesday, Deutsche Bank reiterated its Hold rating on The Travelers Companies (NYSE: TRV), and raised its price target from $66.00 to $74.00.

Deutsche Bank noted, “We are taking our numbers up following continued rate improvement. Travelers continues to report Business Insurance rate improvement in the 8% range along with pricing improvements in its other lines of business. Retention is only modestly down, and new business generation remains below historical trends. However, we believe that margin expansion can be expected next year, even amidst lower reserve releases. Despite our optimism, our forecasted EPS remains below Street consensus. Hold.”

The Travelers Companies closed on Tuesday at $78.65.

Latest Ratings for TRV

DateFirmActionFromTo
Apr 2017ArgusUpgradesHoldBuy
Feb 2017FBR CapitalDowngradesOutperformMarket Perform
Jan 2017Goldman SachsDowngradesNeutralSell

View More Analyst Ratings for TRV
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (TRV)

View Comments and Join the Discussion!