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Stock impact report

BMO Capital Lifts Travelers (TRV) Target, Roth Capital Follows After Strong Q1 Results [Yahoo! Finance]

The Travelers Companies, Inc. (TRV) 
Last the travelers companies, inc. earnings: 4/21 06:57 am Check Earnings Report
US:NYSE Investor Relations: investor.travelers.com
Company Research Source: Yahoo! Finance
BMO Capital Lifts Travelers (TRV) Target, Roth Capital Follows After Strong Q1 Results On April 20, BMO Capital raised its price recommendation on The Travelers Companies, Inc. (NYSE:TRV) to $314 from $297. It reiterated an Outperform rating on the shares. The firm expects the company's EPS revision trendline to move above consensus over the next 1–2 years. It pointed to more conservative reserve loss-ratio profit margin assumptions as a key driver, the analyst noted in a research report. BMO also sees potential upside to EPS from net investment income. It highlighted the spread between new money rates and existing bond yields. Buybacks could add support as overall growth begins to slow. On April 20, Roth Capital raised its price goal on TRV to $345 from $320. It kept a Buy rating on the shares. The firm cited Q1 results that came in ahead of expectations. This was largely due to more favorable loss reserve development than it had modeled, according to the analyst. It also pointe Show less Read more
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