JMP Securities analyst Matthew Carletti raised his price target on Chubb to $165 and kept his Outperform rating after its "solid" Q2 results highlighted by a lower core accident combined ratio, improved reserve developments, higher than expected stock buybacks, and stronger net investment income. The analyst sees Chubb as his "top" large-cap insurance pick and believes the company's relatively wider exposure to global emerging markets of Asia and Latin America will yield better growth than its competition.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here