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BMO Capital Increases Chubb (CB) Target, Cites Earnings Growth Potential
BMO Capital analyst Michael Zaremski raised his price target on Chubb Limited (NYSE: CB) to $326 from $286, reiterating a Market Perform rating. The analyst believes there is potential for further earnings growth, citing reserve releases and continued strength in investment income. Chubb’s ability to generate steady cash flow, its long history of dividend growth, and strong investment income from high-quality fixed-income securities are highlighted as key strengths.