BMO Capital Maintains Market Perform Rating for Chubb: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Market Perform rating for Chubb (NYSE:CB) and increased its price target from $220.00 to $240.00. Despite this, Chubb's shares have decreased by 0.41% in the last 24 hours, currently trading at $245.67. The new price target suggests a potential 2.31% decrease from the current price. Chubb, formed from the acquisition of Chubb by ACE in Q1 2016, is a major player in the global property and casualty insurance sector.

February 05, 2024 | 5:00 pm
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BMO Capital maintains Market Perform rating for Chubb, raising price target from $220 to $240. Shares currently at $245.67, indicating a potential 2.31% decrease.
The maintenance of the Market Perform rating by BMO Capital, coupled with the increase in price target, suggests a cautious optimism about Chubb's future performance. However, the current trading price being above the new target indicates a potential short-term downside, hence the negative score. The high relevance, importance, and confidence scores reflect the direct impact of this analyst rating on Chubb's stock and the detailed financial analysis backing this outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100