Swiss Re: UBS double upgrades stock

(CercleFinance.com) - Today UBS upgrades its recommendation on Swiss Re shares directly from 'sell' to 'buy', with a target price raised from 106 CHF to 136 CHF, with its new TP representing 15% upside potential for the Swiss reinsurer's stock.


The measures taken by Swiss Re on its reserves are reflected in a 10% rise in earnings and a sustainable share buyback trajectory, the broker says, which also points to a distinguished total return of 8.5% and a forthcoming catalyst on 13 December.


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.