Chubb price target raised to $365 from $350 at Citizens

Citizens raised the firm’s price target on Chubb (CB) to $365 from $350 and keeps an Outperform rating on the shares. Chubb is viewed as a top pick due to its strong global exposure, which is expected to drive superior long-term growth, particularly in faster-growing emerging markets, the analyst tells investors in a research note. Supported by strategic acquisitions and a diversified business mix, the company is well positioned to navigate varying insurance cycle conditions, with its current valuation seen as attractive relative to peers, Citizens argues.