UBS has raised its price target for Munich Re to 565 euros, with a "buy" rating, ahead of the company's third-quarter results.
Munich Re is considered a top pick among European reinsurers, as the sector's natural catastrophe budgets for the third quarter have been mostly used up, and the impact of Hurricane Milton is expected to be seen in the fourth quarter.
The report suggests that upcoming statements on tariffs are likely to show improvements, which could have a positive effect on the company's performance.
Munich Re shares have shown slight fluctuations across various exchanges, with the last recorded price at 504.60 euros, reflecting a minor increase of 0.04%.