Keefe, Bruyette & Woods Maintains Outperform on Chubb, Lowers Price Target to $294
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Meyer Shields maintains an Outperform rating on Chubb (NYSE:CB) but lowers the price target from $297 to $294.

May 07, 2024 | 1:07 pm
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NEUTRAL IMPACT
Chubb's Outperform rating is maintained by Keefe, Bruyette & Woods, though its price target is reduced from $297 to $294.
The adjustment in price target by a reputable analyst firm like Keefe, Bruyette & Woods, while maintaining an Outperform rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. This could lead to a neutral short-term impact on Chubb's stock price as the market digests the minor adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100