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

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Argus Expects Solid Returns From Insurer Chubb, But Says Shares Are Fairly Valued
7 Biggest Price Target Changes For Thursday

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 2018CitigroupMaintainsBuyBuy
Apr 2018ArgusInitiates Coverage OnHold
Mar 2018Deutsche BankMaintainsHoldHold

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Posted-In: Deutsche BankAnalyst Color Upgrades Analyst Ratings

 

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