Chubb price target raised to $330 from $310 at Morgan Stanley

Morgan Stanley analyst Bob Huang raised the firm’s price target on Chubb (CB) to $330 from $310 and keeps an Equal Weight rating on the shares. The firm updated targets in the property and casualty insurance group post the Q4 reports. Insurers with “more differentiated” underwriting performance are likely to see better share price performance, the analyst tells investors in a research note. Morgan Stanley says that while pricing will remain weak and AI headwinds “are not abating,” those with “differentiated” underwriting and “margin durability will be king.”