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Fly News Breaks for July 24, 2019
CB
Jul 24, 2019 | 06:16 EDT
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.