Chubb price target raised to $269 from $266 at BofA

BofA raised the firm’s price target on Chubb (CB) to $269 from $266 and keeps an Underperform rating on the shares after Q4 operating EPS of $6.02 beat the firm’s projection of $4.94 and the Street consensus of $5.41. The firm’s 2025 EPS projection declines from a higher Q1 catastrophe projection, but its out-year projections rise “modestly” as the Q4 beat flows through the model, the analyst noted.