Wells Fargo Maintains Overweight on Chubb, Lowers Price Target to $249
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Overweight rating on Chubb (NYSE:CB) but has lowered the price target from $253 to $249.
July 17, 2023 | 12:37 pm
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Wells Fargo maintains an Overweight rating on Chubb but lowers the price target from $253 to $249, which may influence investor sentiment.
The news is directly about Chubb and its rating by Wells Fargo. The lowering of the price target might create some uncertainty among investors, but the maintained Overweight rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100