Stock Track | Chubb Soars 5.02% Intraday on Analyst Price Target Hikes

Stock Track02-04 23:20

Chubb's stock surged 5.02% during intraday trading on Wednesday, following a series of positive analyst actions.

The move was fueled by several analysts raising or maintaining bullish price targets on the insurance giant. JP Morgan increased its target price to $330 from $327, while Roth Capital raised its target more significantly to $360 from $330 and maintained a Buy rating. Additionally, Evercore ISI Group maintained its Outperform rating, and Citizens maintained a $350 price target.

This collective show of confidence from Wall Street analysts appears to have driven investor optimism and buying activity in the session.

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