Munich Re: UBS raises target price
(CercleFinance.com) - While maintaining its 'neutral' recommendation on Munich Re shares, UBS has raised its target price for them from E555 to E594, a new TP that implies 8% upside potential for the stock, the day after the German reinsurer's annual results.
Munich Re's solid capital base offers optionality, the intensification of capital distribution seems to be well received, and the reduction in losses due to forest fires reinforces confidence in a net income of E6bn, the broker says.
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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.
Munich Re's solid capital base offers optionality, the intensification of capital distribution seems to be well received, and the reduction in losses due to forest fires reinforces confidence in a net income of E6bn, the broker says.
Copyright (c) 2025 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.