Analysts have been eager to weigh in on the Financial sector with new ratings on Essex Property (ESS), Travelers Companies (TRV) and M&T Bank (MTB).
Essex Property (ESS)
In a report released yesterday, Steve Sakwa from Evercore ISI reiterated a Buy rating on Essex Property, with a price target of $279.00. The company’s shares closed last Wednesday at $297.01, close to its 52-week high of $297.88.
According to TipRanks.com, Sakwa is a 2-star analyst with an average return of 1.2% and a 57.0% success rate. Sakwa covers the Financial sector, focusing on stocks such as Brandywine Realty, Invitation Homes, and American Campus.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Essex Property with a $298.56 average price target, a 1.2% upside from current levels. In a report issued on April 9, Piper Sandler also upgraded the stock to Buy with a $320.00 price target.
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Travelers Companies (TRV)
In a report released yesterday, David Motemaden from Evercore ISI maintained a Hold rating on Travelers Companies, with a price target of $175.00. The company’s shares closed last Wednesday at $157.38, close to its 52-week high of $161.19.
Motemaden has an average return of 22.5% when recommending Travelers Companies.
According to TipRanks.com, Motemaden is ranked #2997 out of 7461 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Travelers Companies with a $160.91 average price target, a 3.0% upside from current levels. In a report issued on April 8, UBS also maintained a Hold rating on the stock with a $149.00 price target.
M&T Bank (MTB)
Robert W. Baird analyst David George maintained a Hold rating on M&T Bank on April 19 and set a price target of $160.00. The company’s shares closed last Wednesday at $152.99, close to its 52-week high of $164.72.
According to TipRanks.com, George is a 4-star analyst with an average return of 13.2% and a 68.1% success rate. George covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Huntington Bancshares, and Capital One Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for M&T Bank with a $163.89 average price target, representing a 9.9% upside. In a report issued on April 6, Jefferies also maintained a Hold rating on the stock with a $158.00 price target.
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