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Fly News Breaks for June 18, 2018
CB
Jun 18, 2018 | 05:04 EDT
Goldman Sachs analyst Yaron Kinar downgraded Chubb to Neutral and lowered his price target for the shares to $144 from $155. The analyst does not expect industry pricing to keep pace with "deteriorating loss cost trends" and does not believe Chubb "can completely avoid this." He calls Chubb a quality underwriter but sees limited upside from current share levels.
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