Loews Corporation (L) : Analyst Rating Update

Loews Corporation (L) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Loews Corporation (L) : The highest level Loews Corporation (L) is projected to reach is $42 for the short term and the lowest estimate is at $35. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $38.5 and the possibility the share price can swing is $4.95.

Loews Corporation (NYSE:L): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.78 and $39.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.13, notching a gain of 0.27% for the day. The total traded volume was 1,319,375 . The stock had closed at $40.02 on the previous day.

The company shares have rallied 4.74% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $41.25 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $40.08 and the 200 Day Moving Average price is recorded at $38.30.

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas, and operation of a chain of hotels. The Companys subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling, Inc. (Diamond Offshore); Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), and Loews Hotels Holding Corporation (Loews Hotels). CNAs insurance products primarily include commercial property and casualty coverages, including surety. Diamond Offshore is engaged in the business of operating drilling rigs. Boardwalk Pipeline is engaged in natural gas and natural gas liquids transportation and storage and natural gas gathering and processing. The subsidiaries of Loews Hotels Holding Corporation operate a chain of 21 hotels.

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