Wall Street Splits on Insurers and Hotels

Analysts are pulling in opposite directions on financials and hospitality today.

The Travelers Companies was downgraded by consensus analysts, with the average target price slipping to $351.96 from $343.54. The $77B insurer now faces a net sell consensus from six analysts. Short interest sits at 3.6% of free float — modest, but rising bearish pressure from the Street is notable.

Insurance peers moved the other way. Analysts raised targets on Globe Life, MetLife, Prudential Financial, and Principal Financial Group — a broad sweep of upward revisions across the life insurance space. Globe Life saw its average target climb to $190.36 from $186.27.

In hospitality, Hilton Worldwide Holdings was upgraded by consensus. The $73B hotel giant's average target holds at $349.71. Analysts have been warming to travel and leisure names as summer demand data comes in strong.

On the tech side, Datadog received a target bump to $262.49 from $259.99. The cloud monitoring firm carries an overwhelmingly bullish consensus — 43 buy ratings against just one sell.

UPS also got a target lift to $115.04, signalling cautious optimism after a difficult stretch for the delivery giant.