Mizuho Maintains Neutral on Chubb, Lowers Price Target to $347
Mizuho analyst Yaron Kinar maintains Chubb (NYSE:CB) with a Neutral and lowers the price target from $352 to $347.
Economy · News reference
A quarter-point move nudged your borrowing costs higher on Wednesday. It also handed savers and a short list of sectors the best setup they have had in two years.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Mizuho analyst Yaron Kinar maintains Chubb (NYSE:CB) with a Neutral and lowers the price target from $352 to $347.
Chubb stock rose 1.06% to $341.85, outperforming a declining broader market. The insurer is expected to report upcoming earnings with EPS forecasted at $6.22 (down 16.96% YoY) and revenue of $16.71 billion (up 3.59% YoY). For the full year, Chubb projects earnings of $27.35 per share and revenue of $64.33 billion. The stock holds a Zacks Rank #3 (Hold) with a Forward P/E of 12.37, trading at a premium to its industry average.
CNBC’s final trades: Joshua Brown picked Snowflake, Bill Baruch chose Tempus AI, Malcolm Ethridge favored Chubb, and Stephanie Link recommended Nvidia.
Under new CEO Greg Abel, Berkshire Hathaway has concentrated 75% of its $365.2 billion equity portfolio into 8 stocks. American Express is the only one lagging the S&P 500 over the past year due to margin compression from high cardholder rewards and marketing expenses. Despite these headwinds, the article argues American Express offers compelling value at 19.7x trailing earnings for long-term investors who believe in its business model.
California Governor Gavin Newsom renewed attacks on Trump and Energy Secretary Wright over surging Iran war fuel costs.