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Fly News Breaks for June 5, 2019
TRV
Jun 5, 2019 | 19:28 EDT
Keefe Bruyette analyst Meyer Shields downgraded Travelers to Market Perform with a price target of $153. The analyst attributes the rating change to valuation after the stock's year-to-date return of 25.9% vs. 12.7% for S&P500. Shield also lowers his FY19 and FY20 EPS outlook by 5c to $11.35 and $11.70 respectively to reflect adverse weather and declining interest rate trends quarter-to-date.
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