Swiss Life: UBS raises target price

(CercleFinance.com) - UBS maintains its "buy" rating on Swiss Life Holding shares, having raised its target price for them from 475 Swiss francs to 585 Swiss francs, with its new target price implying 11% upside potential for the Swiss life insurance company's stock.


"High-quality fee results to drive multiple re-rating, plus cash generation and excess capital enables sustainable >8% total return per annum," the broker says.


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