Market Overview

UPDATE: Deutsche Bank Upgrades Chubb Corporation to Buy, Raises PT

Share:
Related CB
Credit Suisse Sees Opportunity In 'Soft' P&C Insurance Space
UPDATE: Credit Suisse Initiates Coverage On Chubb On Multiple Positive Factors
Chasing High Dividend Growth Rates For Lower Total Returns (Seeking Alpha)

In a report published Friday, Deutsche Bank upgraded its rating on Chubb Corporation (NYSE: CB) from Hold to Buy, and raised its price target from $70.00 to $90.00.

Deutsche Bank noted, “We believe Chubb represents the best value among the traditional large-cap P&C companies. Its shares have significantly lagged peers like ACE and Travelers following both Hurricane Sandy and the temporary suspension of its share repurchase program such that the stock no longer possesses a book valuation multiple premium to its peers. ROE at Chubb remains best-in-class considering both magnitude and stability.”

Chubb Corporation closed on Thursday at $80.31.

Latest Ratings for CB

DateFirmActionFromTo
Apr 2015Credit SuisseInitiates Coverage onOutperform
Mar 2015Keefe Bruyette & WoodsMaintainsUnderperform
Feb 2015CitigroupMaintainsNeutral

View More Analyst Ratings for CB
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Upgrades Analyst Ratings

 

Related Articles (CB)

Around the Web, We're Loving...