Swiss Life: Credit Suisse still on hold
(CercleFinance.com) - Credit Suisse maintains its Neutral rating and 630CHF target price for Swiss Life shares " given the limited relative upside potential vs.
other Swiss SMID Financials".
"We increase our net profit estimates for Swiss Life by +2-5% for 2023-2025E, given stronger tailwinds from elipsLife and good momentum in Switzerland Life, partly offset by lower AUM growth in Asset Management," the analyst details.
"As a result, our TP remains unchanged at CHF630 despite slightly higher net profits," the broker concludes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
other Swiss SMID Financials".
"We increase our net profit estimates for Swiss Life by +2-5% for 2023-2025E, given stronger tailwinds from elipsLife and good momentum in Switzerland Life, partly offset by lower AUM growth in Asset Management," the analyst details.
"As a result, our TP remains unchanged at CHF630 despite slightly higher net profits," the broker concludes.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.