Morgan Stanley analyst Bob Huang raised the firm’s price target on Chubb (CB) to $310 from $300 and keeps an Equal Weight rating on the shares. Although the P&C insurance sector faces known challenges, including softening pricing in property and more competition in personal auto, attractive valuations and strong casualty pricing partially offset this, says the analyst, who maintains an Attractive industry view heading into 2026.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CB:
- Chubb initiated with a Neutral at Mizuho
- AIG takeout interest provides ‘downside support,’ says Deutsche Bank
- AIG deal ‘might arguably make more sense than buybacks’ for Chubb, says BofA
- Piper says potential acquisition of AIG by Chubb is ‘possible’
- Wells Fargo sees AIG/Chubb potential combination as unlikely
