BMO Capital raised the firm’s price target on Travelers (TRV) to $297 from $275 and keeps an Outperform rating on the shares after its Q4 earnings beat. The quarter saw higher investment income and improving profit margins, partially offset by higher catastrophe losses, the analyst tells investors in a research note. Travelers’ earnings multiple currently sits at about 9-times BMO’s EPS estimates, which is a 20% below its historical P/E multiple, the firm added.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRV:
- Netflix upgraded, downgraded: Wall Street’s top analyst calls
- Travelers price target raised to $287 from $278 at Barclays
- Travelers upgraded to Overweight from Neutral at Piper Sandler
- Travelers price target lowered to $268 from $273 at RBC Capital
- Travelers Companies Reports Strong 2024 Financial Performance