Chubb’s Target, Estimates Raised at Credit Suisse (CB)

By Staff,

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Property and casualty insurer The Chubb Corporation ( CB ) on Friday caught some bullish commentary from analysts at Credit Suisse.

The firm maintained its "Outperform" rating on CB and lifted its price target to $76, suggesting a 5% upside to the stock's Thursday closing price of $72.19. Credit Suisse also lifted its earnings estimates for the company, citing expectations of continued margin expansion.

Chubb shares fell 71 cents, or -1%, in morning trading Friday.

The Bottom Line
Shares of Chubb ( CB ) have a 2.27% dividend yield, based on last night's closing stock price of $72.19. The stock has technical support in the $66-$68 price area. The shares are trading near all-time highs.

The Chubb Corporation ( CB ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: CB

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