Swiss Re: UBS still a buyer

(CercleFinance.com) - The group's net income and EPS confirm the Buy thesis: UBS maintains its Buy rating on the stock, with a target price of 150 Swiss francs.


Swiss Re's net profit forecast of over $4.4bn exceedss the Bloomberg consensus and reflects a certain conservatism in the property-casualty insurance sector, which supports our Buy thesis, UBS says.

Swiss Re also expects its cost discipline to reduce operating expenses by around $300m by 2027.


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.