Travelers Draws Wave of Bears as Stock Eyes Best Year Since 2000
Travelers Companies Inc. is experiencing its best year in over 25 years, but the strong performance has prompted numerous analyst downgrades as Wall Street believes the stock's upward momentum may be exhausted. The wave of bearish calls suggests investors and analysts view current valuations as stretched and expect limited further gains ahead.
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Travelers Draws Wave of Bears as Stock Eyes Best Year Since 2000
Travelers Companies Inc. is experiencing its best year in over 25 years, but the strong performance has prompted numerous analyst downgrades as Wall Street believes the stock's upward momentum may be exhausted. The wave of bearish calls suggests investors and analysts view current valuations as stretched and expect limited further gains ahead.
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