Piper Sandler Maintains Overweight on Chubb, Lowers Price Target to $237
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Paul Newsome has maintained an Overweight rating on Chubb (NYSE:CB) but lowered the price target from $248 to $237.
July 06, 2023 | 1:38 pm
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NEUTRAL IMPACT
Chubb's price target has been lowered from $248 to $237 by Piper Sandler, though the Overweight rating is maintained.
The lowering of the price target by Piper Sandler could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees upside potential in the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100