Chubb price target raised to $280 from $260 at Roth MKM

Roth MKM raised the firm’s price target on Chubb to $280 from $260 and keeps a Buy rating on the shares. The company’s results came in better than expected with more impact from favorable pricing still ahead and its investment income also seen as stronger, the analyst tells investors in a research note. A lower than normal level of catastrophe losses also contributed to the better earnings, the firm added.