UBS has given Munich Re a 'Buy' rating and set a target price of 565 euros after the reinsurer's third-quarter results were released.
According to analyst Will Hardcastle, the profit figures were lower than expected, which could result in a cautious negative reaction in the market. However, Hardcastle does not expect significant changes to the earnings estimates for Munich Re.
The report, which provides insights into the company's current standing and future outlook, was published on October 22, 2024, at 11:05 GMT.