2020-11-27 08:30:03 CB Chubb
11/27/20 11/2708:30 11/27/2008:30 | Chubb price target raised to $180 from $150 at MKM PartnersMKM Partners analyst Harry Fong raised the firm's price target on Chubb to $180 from $150 and keeps a Buy rating on the shares as part of a broader research note into the P&C Insurance sector. The analyst notes that the group still has "significant upside" ahead as earnings recovery remains about a year away while valuation levels are relatively low by historical standard. Fong further cites the growing expectations of "hardening" price levels in 2021 and possibly into 2022 in the industry. | |
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