Chubb price target raised to $291 from $271 at BofA

BofA raised the firm’s price target on Chubb (CB) to $291 from $271 and keeps an Underperform rating on the shares. The firm’s 2026 EPS forecast rises 3.5% from the Q1 beat, while its 2027 and 2028 forecasts rise 0.8% and 1.4%, respectively. from higher life premiums and lower share counts, the analyst tells investors. The firm also cites peer multiple expansion for its raised target.