Travelers price target raised to $270 from $265 at Jefferies

Jefferies analyst Andrew Andersen raised the firm’s price target on Travelers (TRV) to $270 from $265 and keeps a Hold rating on the shares. Tariffs are a “manageable earnings risk for the well-capitalized and defensive” property and casualty group, the analyst tells investors in a research note. The firm says auto insurers have some ability to re-price quickly, and loss cost inflation concerns are already top of mind for the commercial group, “with any tariff impact likely to spur further discipline.” It sees no notable effect in Q1 and remains most constructive on personal lines.