U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.37%

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Travelers (TRV) PT Raised to $273 at Keefe, Bruyette & Woods

October 21, 2024 1:47 PM EDT

Keefe, Bruyette & Woods analyst Meyer Shields raised the price target on Travelers (NYSE: TRV) to $273.00 (from $245.00) while maintaining a Market Perform rating.

The analyst comments "We maintain our Market Perform rating on TRVs shares and raise our target price to $273 (12.5x our... More

Travelers (TRV) PT Raised to $300 at Roth/MKM

October 21, 2024 6:31 AM EDT

Roth/MKM analyst Harry Fond raised the price target on Travelers (NYSE: TRV) to $300.00 (from $240.00) while maintaining a Buy rating.

The analyst comments "Travelers reported 3Q/2024 core EPS of $5.24 against the consensus estimate of $3.65 and our estimate of $4.74. Many analysts had taken estimates down due to Hurricane Helene. While we did not adjust our estimate, cat losses were still much higher than our estimate, but its underlying results were much better than we or the consensus expected. We maintain our Buy recommendation and raise our price target to $300 from $240 based on a 1.7 multiple... More

Elevance (ELV) PT Lowered to $515 at Leerink Partners

October 21, 2024 5:57 AM EDT

Leerink Partners analyst Whit Mayo lowered the price target on Elevance (NYSE: ELV) to $515.00 (from $620.00) while maintaining a Outperform rating.

The analyst comments "Bottom Line: Reiterate Outperform Rating. 3Q results brought forth a material acceleration of pressures within Medicaid as a result of... More

BTIG Reiterates Sell Rating on American Express (AXP), PT $230

October 21, 2024 5:46 AM EDT

BTIG analyst Vincent Caintic reiterated a Sell rating and $230.00 price target on American Express (NYSE: AXP).

The analyst comments "WHAT YOU SHOULD KNOW: Our thesis for downgrading AXP shares to Sell is playing out but still in the early stages. We would continue to avoid AXP despite shares being down on its earnings print. Optimism still abounds on Amex's ability to achieve at least 10% y/y revenue growth in 2025; we think the December 2024 financials... More

Travelers (TRV) PT Raised to $277 at Deutsche Bank

October 18, 2024 7:55 AM EDT

Deutsche Bank analyst Cave Montazeri raised the price target on Travelers (NYSE: TRV) to $277.00 (from $234.00) while maintaining a Hold rating.

The analyst comments "We are raising our full-year 2024 operating EPS for Travelers (TRV) by 8% following the company's strong third-quarter results. Our 2025 estimate also increases by... More

Travelers (TRV) PT Raised to $273 at RBC Capital

October 18, 2024 7:11 AM EDT

RBC Capital analyst Mark Dwelle raised the price target on Travelers (NYSE: TRV) to $273.00 (from $250.00) while maintaining a Sector Perform rating.

The analyst comments "Travelers Q3 was highlighted by large underlying combined ratio improvement across several units. Personal Lines has largely turned... More

Elevance (ELV) PT Lowered to $478 at RBC Capital

October 18, 2024 7:04 AM EDT

RBC Capital analyst Ben Hendrix lowered the price target on Elevance (NYSE: ELV) to $478.00 (from $585.00) while maintaining a Outperform rating.

The analyst comments "ELV shares traded off today as management lowered its 2024 EPS guidance and guided to mid-single-digit EPS growth in 2025, down from... More

The Blackstone Group (BX) PT Raised to $170 at Citi

October 18, 2024 5:57 AM EDT

Citi analyst Chris Allen raised the price target on The Blackstone Group (NYSE: BX) to $170.00 (from $157.00) while maintaining a Neutral rating.

The analyst comments "BX closed up +6.3% following 3Q24. FRE was above our est., primarily driven by FRPF and a lower tax rate.... More