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ubs downgrades scor se to neutral with price target of 28.70 euro
UBS has downgraded Scor SE from Buy to Neutral, setting a price target of €28.70, citing concerns over the company's dividend yield, which is projected at 7.2% for 2025. Despite a strong six-month return of 32.77%, the current yield of 4.75% is deemed insufficient compared to competitors, limiting growth potential. The analysis reflects a cautious outlook on Scor SE's market performance amid identified constraints on its payout ratio.
Goldman Sachs initiates buy rating for Scor SE with EUR34.50 target
Goldman Sachs has initiated coverage on Scor SE with a Buy rating and a target price of EUR34.50, highlighting the company's efforts to improve its reserving practices in both Property & Casualty and Life & Health Reinsurance. Despite a history of underperformance among reinsurers, Scor is positioned for potential top-line growth due to its lower market share and stronger underlying earnings power in its P&C Re business. The firm notes that consistent performance could lead to a significant revaluation of the company, given its appealing valuation.
Analysts Update Recommendations and Price Targets for Key European Stocks
Analysts have made several notable adjustments to their recommendations and price targets for various companies. Allianz sees a downgrade from Jefferies, while Euronext and Fnac Darty receive upgrades. Kering remains underweight, and UBS Group's rating shifts from Outperform to Neutral. Other companies like Lonza and Soitec also see target price increases.