Travelers (TRV) notches a couple of upgrades after earnings yesterday, with Bernstein expecting...

|About: The Travelers Companies,... (TRV)|By:, SA News Editor

Travelers (TRV) notches a couple of upgrades after earnings yesterday, with Bernstein expecting the stock to hit new highs this year, and Goldman reiterating its Buy and raising the price target to $96. Bernstein's Josh Stirling was clearly impressed with the quarter (CC transcript) and CEO Jay Fishman - responding to a question of his - says momentum in premium increases will continue thanks to unpredictable weather and low interest rates cutting returns on Travelers' investment income.