UBS has raised its price target for Swiss Re to 150 Swiss francs, while maintaining a "Buy" rating.
Analyst Will Hardcastle has also adjusted his forecast for the reinsurer's net income in 2025 to exceed USD 4.5 billion, citing expectations of an improved combined ratio.
The analyst expects positive earnings momentum after the upcoming Capital Markets Day in mid-December. This adjustment reflects UBS's confidence in Swiss Re's financial performance and market position.