Chubb price target raised to $307 from $300 at JPMorgan

JPMorgan analyst Jimmy Bhullar raised the firm’s price target on Chubb (CB) to $307 from $300 and keeps a Neutral rating on the shares as part of a Q1 preview for the property and casualty sector. The outlook for the P&C sector is positive given ongoing firm pricing, a defensive risk profile, and attractive valuation levels, the analyst tells investors in a research note.