RBC Capital analyst Mark Dwelle keeps an Outperform rating and $245 price target on Chubb while naming the stock to the firm’s Top 30 Global Ideas for Q1. Chubb has meaningful avenues for growth with its diversified, global platform and presence in areas where economies are growing and insurance penetration rates are rising, providing defensive attributes even if the US P&C insurance pricing cycle starts to weaken, the analyst tells investors in a research note.
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