Swiss Re: boosted by broker upgrade

(CercleFinance.com) - Swiss Re climbs a little over 4% in Zurich, propelled by a double recommendation upgrade by UBS, which moved directly from 'sell' to 'buy' on the Swiss reinsurer's stock, with a price target raised from CHF 106 to CHF 136.


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

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