Chubb price target raised to $258 from $237 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Chubb to $258 from $237 and keeps an Equal Weight rating on the shares. Chubb saw strong results, similar to the prior quarter, says the analyst, who maintains the firm’s rating on the stock, but adds that Chubb is well positioned for further growth heading into 2024 with strong growth and profitability.