UBS AG has reiterated its "Buy" rating for Swiss Re, with a target price of 136 francs, following the release of the reinsurer's third-quarter figures.

Analyst Will Hardcastle is optimistic about the potential increase in profit forecasts for 2025, which has contributed to positive sentiment around the stock.

Despite this optimism, Swiss Re's share price declined by 1.9 percent, trading at CHF 118.30 as of 10:03 a.m. today. However, the stock still has an upside potential of approximately 14.96 percent relative to UBS's target price.

Since the beginning of 2024, Swiss Re's share price has risen by 25.1 percent, indicating strong market performance.

Investors are eagerly awaiting the presentation of Swiss Re's Q3 2024 key financial figures, scheduled for November 14, 2024, which could further impact market perceptions and stock performance.