Jun. 12 at 5:19 PM
Barclays downgraded Travelers
$TRV to Underweight from Equal Weight and cut its price target to
$295 from
$331. The firm says softening pricing, slowing growth, and rising margin pressure are making earnings upside across P&C insurance “increasingly scarce.” For Travelers specifically, Barclays expects earnings to flatten and sees mounting downside risk.
Check what Fly KPIs trends are signaling for Travelers.
Sign up with thefly.com to see the news, before it’s news.
#FlyKPIs #NewsBeforeItsNews