Companies in the Financial sector have received a lot of coverage today as analysts weigh in on E*Trade Financial (NASDAQ:ETFC) and Selective Insurance Group (NASDAQ:SIGI).
E*Trade Financial (ETFC)
Jefferies analyst Daniel Fannon maintained a Buy rating on E*Trade Financial today and set a price target of $61. The company’s shares opened today at $48.90.
According to TipRanks.com, Fannon is a top 100 analyst with an average return of 14.2% and a 73.6% success rate. Fannon covers the Financial sector, focusing on stocks such as Marketaxess Holdings, Legg Mason, and CME Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for E*Trade Financial with a $62.75 average price target, which is a 28.3% upside from current levels. In a report issued on October 19, Barclays also maintained a Buy rating on the stock with a $60 price target.
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Selective Insurance Group (SIGI)
In a report released today, Michael Zaremski from Credit Suisse maintained a Sell rating on Selective Insurance Group, with a price target of $61. The company’s shares opened today at $66.77, close to its 52-week high of $67.17.
According to TipRanks.com, Zaremski is a 3-star analyst with an average return of 4.8% and a 55.0% success rate. Zaremski covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Cincinnati Financial Corp, and Arthur J Gallagher & Co.
The word on The Street in general, suggests a Hold analyst consensus rating for Selective Insurance Group with a $60.67 average price target.
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