UBS has raised its rating for Swiss Re from "Sell" to "Buy," with a significant increase in the price target from 106 to 136 Swiss francs. This change is a result of increased confidence in the company's outlook following its recent billion-euro provision in the United States.
Analyst Will Hardcastle has also removed the associated risk discount in his buy recommendation, indicating a clearer path for potential share buybacks. Hardcastle's revised earnings estimates for 2025/26 now project earnings approximately ten percent above consensus expectations.