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CB

Chubb

$145.31

0.11 (0.08%)

16:53
12/26/17
12/26
16:53
12/26/17
16:53

Chubb estimates one-time Q4 benefit from new tax law of over $250M

Chubb expects to record a one-time benefit from the new U.S. tax law in excess of $250M in Q4. Chubb's preliminary estimate reflects the one-time impact of the reduced U.S. corporate income tax rate and the deemed repatriation of foreign subsidiary earnings on the company's net deferred tax liability position.

  • 31

    Jan

CB Chubb
$145.31

0.11 (0.08%)

12/04/17
GSCO
12/04/17
INITIATION
Target $167
GSCO
Buy
Chubb initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Yaron Kinar started Chubb with a Buy rating and $167 price target. The analyst sees the combination of limited legacy risk and an expanded platform driving Chubb's growth above its commercial peers.
12/19/17
FBCO
12/19/17
DOWNGRADE
FBCO
Neutral
Chubb downgraded to Neutral from Outperform at Credit Suisse
12/19/17
12/19/17
DOWNGRADE

Neutral
Chubb downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Ryan Tunis downgraded Chubb (CB) to Neutral from Outperform with a $156 target price. While noting that the integration of ACE Limited (ACE)/Chubb has been successful and positions the latter well for the future, the analyst argues that it is difficult for him to solve for much upside to medium term EPS and shares with the integration coming to a close in Q4. Further, Tunis sees the shares as fully valued and thinks expectations around the company's profitability may need to be adjusted down before a case can be made for harder casualty prices.
12/19/17
12/19/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying the stock's gains for the iPhone X "supercycle are in the late innings." 2. Hanesbrands (HBI) downgraded to Neutral from Buy at Citi with analyst Kate McShane saying the U.S. wholesale environment remains challenging due to declining traffic trends in stores and price-based competition in all channels. 3. PPL Corp. (PPL) downgraded to Underperform from Neutral at Macquarie with analyst Angie Storozynski saying she thinks the next UK regulatory review will result in a meaningful drop in revenues and believes the high dividend debate will come back into focus. 4. Chubb (CB) downgraded to Neutral from Outperform at Credit Suisse with analyst Ryan Tunis noting that while the integration of ACE Limited (ACE)/Chubb has been successful and positions the latter well for the future, the analyst argues that it is difficult for him to solve for much upside to medium term earnings per share and shares with the integration coming to a close in the fourth quarter. 5. KB Home (KBH) downgraded to Underweight from Neutral at JPMorgan with analyst Michael Rehaut citing valuation with the shares up 100% in 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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SPX

S&P 500

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VZ

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0.01 (0.16%)

TWTR

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NBL

Noble Energy

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  • 20

    Feb

JNJ

Johnson & Johnson

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  • 23

    Jan

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ABEO

Abeona Therapeutics

$14.85

0.25 (1.71%)

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  • 23

    Jan

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EOG

EOG Resources

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  • 28

    Feb

FANG

Diamondback Energy

$132.21

4.64 (3.64%)

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TWTR

Twitter

09:13
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  • 23

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AMRN

Amarin

$4.04

0.07 (1.76%)

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DVN

Devon Energy

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  • 21

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TWTR

Twitter

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CLR

Continental Resources

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HAL

Halliburton

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CXO

Concho Resources

$160.41

4.22 (2.70%)

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  • 21

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VZ

Verizon

$53.46

1.55 (2.99%)

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  • 23

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ANAB

AnaptysBio

$114.78

-0.135 (-0.12%)

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XEC

Cimarex Energy

$126.80

2.76 (2.23%)

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  • 24

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DGX

Quest Diagnostics

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  • 01

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VZ

Verizon

$53.46

1.55 (2.99%)

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  • 23

    Jan

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SLB

Schlumberger

$79.79

3.37 (4.41%)

09:06
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APC

Anadarko

$60.72

2.52 (4.33%)

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