Brokerage Firm Rating Update on Loews Corporation (L)

Loews Corporation (L) : Zacks Investment Research ranks Loews Corporation (L) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 2.33, which indicates as a Buy.

Loews Corporation (L) : The highest short term price target forecast on Loews Corporation (L) is $42 and the lowest target price is $38. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $40 with a standard deviation of $2.83.


Company shares have received an average consensus rating of Hold for the current week

Loews Corporation (NYSE:L): stock was range-bound between the intraday low of $41.31 and the intraday high of $41.555 after having opened at $41.41 on Wednesdays session. The stock finally closed in the red at $41.41, a loss of -0.12%. The stock remained in the red for the whole trading day. The total traded volume was 799,300 shares. The stock failed to cross $41.555 in Wednesdays trading. The stocks closing price on Thursday was $41.55.

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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