UPDATE: KBW Raises PT on Chubb to $75

KBW is out with its report today on Chubb CB, raising its PT to $75. In a note to clients, KBW writes, "We are raising EPS estimates and price target. We expect strength in the shares and continue to recommend purchase with an Outperform." At the time of posting, shares of CB were trading pre-market at $64.14, up 2.53% from Thursday's close.