Goldman Sachs Downgrades Chubb to Neutral, Announces $222 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alex Scott has downgraded Chubb (NYSE:CB) from Buy to Neutral and set a price target of $222.
January 08, 2024 | 12:27 pm
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NEGATIVE IMPACT
Chubb was downgraded by Goldman Sachs from Buy to Neutral with a price target of $222.
Downgrades by major analysts like Goldman Sachs can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target, while potentially lower than the current trading price, reflects a neutral outlook, suggesting limited upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100