NEW YORK (TheStreet) -- The Travelers Companies (TRV) shares are up 0.5% to $104.78 in early market trading on Thursday after the insurance provider was downgraded to "neutral" from "buy" by analysts at UBS today.
The firm also raised the company's price target to $105 from $101 despite the downgraded outlook.
UBS made a valuation call on the company in downgrading its rating saying that its valuation looks full based on its current business fundamentals.
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Yesterday, analysts at JPMorgan initiated coverage on the company's stock with a "neutral" rating and $100 price target.
TheStreet Ratings team rates TRAVELERS COS INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRAVELERS COS INC (TRV) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins."