B of A Securities Downgrades Chubb to Underperform, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Chubb (NYSE:CB) from Neutral to Underperform, while raising the price target from $264 to $275.
October 04, 2024 | 11:09 am
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B of A Securities downgraded Chubb from Neutral to Underperform, indicating a less favorable outlook. However, the price target was raised to $275, suggesting some potential for price appreciation.
The downgrade to Underperform suggests a negative outlook on Chubb's stock performance, which could lead to a short-term price decline. However, the raised price target to $275 indicates some potential for future price appreciation, creating mixed signals for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100