RBC Capital analyst Mark Dwelle raised the firm’s price target on Chubb to $275 from $255 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company continues to deliver impressive results with another strong showing to finish out the year, its rate increases are healthy, and its core underwriting margins remain at highly profitable levels, the analyst tells investors in a research note. The overall P&C market conditions also remain favorable, RBC added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CB:
- Chubb price target raised to $258 from $237 at Morgan Stanley
- Chubb price target raised to $280 from $260 at Roth MKM
- Chubb price target raised to $280 from $250 at JMP Securities
- Chubb reports Q4 core EPS $8.30, consensus $5.12
- Chubb options imply 2.9% move in share price post-earnings
Questions or Comments about the article? Write to editor@tipranks.com