JP Morgan Downgrades Chubb to Neutral, Announces $250 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jimmy Bhullar has downgraded Chubb (NYSE:CB) from Overweight to Neutral and set a price target of $250.

October 02, 2023 | 10:06 am
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NEGATIVE IMPACT
Chubb has been downgraded from Overweight to Neutral by JP Morgan, with a price target of $250.
The downgrade from JP Morgan could potentially lead to a decrease in Chubb's stock price in the short term. The new rating suggests that the stock is expected to perform in line with the market, rather than outperform it. The price target of $250 indicates where the analyst believes the stock will trade in the near future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100