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Fly News Breaks for January 6, 2017
TRV
Jan 6, 2017 | 07:22 EDT
Atlantic Equities downgraded Travelers to Underweight and maintained its $110 price target citing valuation saying shares are expensive relative to forward ROE of 12-13%. Further, the firm expects BVPS growth to slow to 4-5%, delivering total shareholder returns of only 8.5%.
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