UPDATE: Guggenheim Downgrades Travelers Companies Reserves are Now Likely Deficient
October 17, 2013 at 12:01 PM EDT
In a report published Thursday, Guggenheim Securities analyst Bijan Moazami downgraded the rating on Travelers Companies (NYSE: TRV ) from Neutral to Sell, and lowered the price target from $87.00 to $72.00. In the report, Guggenheim Securities noted, “Loss payment for business written post 2008 is accelerating, which suggests a
