Chubb (CB) Price Target Raised to $333 by Wells Fargo

AI Summary

Wells Fargo has increased its price target for Chubb Limited (CB) from $321 to $333, maintaining an Equal Weight rating. Citizens Financial Group also raised its price goal for Chubb to $365 from $350, holding an Outperform rating. Despite an earnings beat, Chubb shares declined due to concerns about softening property markets. Both firms emphasize Chubb's strong global exposure and diversified business mix as key growth drivers, particularly in emerging markets.