Citigroup Maintains Buy on Chubb, Raises Price Target to $235
Portfolio Pulse from jenniferd'souza@benzinga.com
Citigroup analyst Michael Ward has maintained a 'Buy' rating on Chubb (NYSE:CB) and raised the price target from $229 to $235.
July 27, 2023 | 12:47 pm
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NEUTRAL IMPACT
Citigroup analyst has maintained a 'Buy' rating on Chubb and raised the price target, indicating confidence in the stock.
While the news is about Citigroup's analyst's rating on Chubb, it doesn't directly impact Citigroup's stock. However, it does reflect on the analyst's performance and by extension, Citigroup's credibility in the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Chubb's price target has been raised from $229 to $235 by Citigroup, which maintains a 'Buy' rating on the stock.
The raised price target indicates that the analyst sees potential for the stock's price to increase in the future. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100