Wall Street Firms Bullish on Chubb Limited (CB) as a Top Stock to Buy for Good R

Chubb Limited (NYSE:CB) is one of the best stocks to buy now for good returns. On June 12, Barclays reiterated an Equal Weight rating on Chubb Limited (NYSE:CB) and lowered the price target to $368 from $375. The new price target represents significant upside potential as the stock is trading at about $335 a share.

The price target cut comes amid concerns that the company will feel the full brunt of pricing softening and margin pressure. According to Barclays, earnings upside in the property and casualty insurance space is becoming increasingly difficult. Companies in the sector have to pull back on growth initiatives amid weakening pricing to defend underwriting margins.

Earlier on May 26, Piper Sandler reiterated a Neutral rating on the stock and increased the price target to $340 from $328. The price target hike was in response to the stock's strong performance and the forward-looking nature of the roll. It also reiterated the neutral rating, impressed by the first-quarter results, and touted organic growth prospects in the sector.

Chubb Limited (NYSE:CB) is a global insurance company. It provides a wide variety of insurance and reinsurance products, including commercial and

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/wall-street-firms-bullish-chubb-115555352.html)