Raymond James Financial has increased its price target for Chubb (NYSE:CB) from $340.00 to $380.00, reiterating a “strong-buy” rating, which suggests a potential 14.66% upside. This comes after Chubb reported strong quarterly earnings, beating EPS estimates and showing an 8.9% year-over-year revenue increase. Despite insider selling, institutional investors hold a significant portion of the stock.
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Chubb (NYSE:CB) Given New $380.00 Price Target at Raymond James Financial
Raymond James Financial has increased its price target for Chubb (NYSE:CB) from $340.00 to $380.00, reiterating a “strong-buy” rating, which suggests a potential 14.66% upside. This comes after Chubb reported strong quarterly earnings, beating EPS estimates and showing an 8.9% year-over-year revenue increase. Despite insider selling, institutional investors hold a significant portion of the stock.