Munich Re: Oddo remains neutral after Covid-19 impact

(CercleFinance.com) - On Friday an analyst at Oddo BHF confirmed a "neutral" rating on the Munich Re stock, after it noted that the group's Q1 net income was marked by the initial impact relating to Covid-19.


The broker says that it is maintaining its Neutral recommendation on the stock, which offers limited upside potential (...). However, Munich Re remains very solid and will be able to benefit from continued tariff increases, although over the next few quarters it will continue to be hit by Covid-19 and its economic impact.

Oddo BHF therefore confirms its target price of 205 euros for the share (current price about 191 euros).



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