Munich Re: Bryan Garnier upgrades 'sell' rating

(CercleFinance.com) - In a report to the European insurance sector, broker Bryan Garnier has upgraded its rating on Munich Re from "sell" to "neutral," and has raised its fair value for the share from 180 euros to 195 euros.


The broker considers that the reinsurer's stock's underperformance, as well as that of its Swiss peer, should come to an end in the future, with the gradual improvement in non-life reinsurance rates.


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