Travelers price target raised to $333 from $330 at Morgan Stanley
Morgan Stanley raised the firm's price target on Travelers to $333 from $330 and keeps an Equal Weight rating on the shares. Auto physical damage losses improved despite inflation pressures, while tort reforms helped stabilize personal auto liability, supporting expectations for continued improvement in personal auto insurance results through 2026 and 2027, the analyst tells investors in a research note.
Morgan Stanley raised the firm's price target on Travelers to $333 from $330 and keeps an Equal Weight rating on the shares.
Auto physical damage losses improved despite inflation pressures, while tort reforms helped stabilize personal auto liability, supporting expectations for continued improvement in personal auto insurance results through 2026 and 2027, the analyst tells investors in a research note.