Analysts Offer Insights on Financial Companies: Cboe Global Markets (CBOE) and Travelers Companies (TRV)

Analysts are pulling back from the Financial sector as 2 experts expressed today bearish sentiments on Cboe Global Markets (CBOE) and Travelers Companies (TRV).

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Cboe Global Markets (CBOE)

Goldman Sachs analyst Alexander Blostein maintained a Sell rating on Cboe Global Markets today and set a price target of $287.00. The company’s shares closed last Wednesday at $277.11.

According to TipRanks.com, Blostein is a 5-star analyst with an average return of 17.5% and a 70.8% success rate. Blostein covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Victory Capital Holdings, and Apollo Global Management. ;'>

Cboe Global Markets has an analyst consensus of Hold, with a price target consensus of $304.10, representing a 10.0% upside. In a report issued on July 10, Morgan Stanley also maintained a Sell rating on the stock with a $258.00 price target.

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Travelers Companies (TRV)

In a report released today, Joshua Shanker from Bank of America Securities maintained a Sell rating on Travelers Companies. The company’s shares closed last Wednesday at $329.19.

According to TipRanks.com, Shanker is a 5-star analyst with an average return of 7.9% and a 62.3% success rate. Shanker covers the Financial sector, focusing on stocks such as American International Group, Corebridge Financial, Inc., and Marsh & McLennan Companies. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Travelers Companies with a $332.76 average price target, representing a 0.8% upside. In a report issued on July 13, TD Cowen also downgraded the stock to Sell with a $297.00 price target.

Read More on CBOE:

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• Cboe Global Markets price target lowered to $320 from $355 at Piper Sandler
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• Cboe Global Markets price target lowered to $258 from $273 at Morgan Stanley
• Cboe Global Markets named short-term buy idea at Deutsche Bank
• Cboe Global Markets price target lowered to $347 from $382 at Barclays