UBS has maintained its 'Buy' rating for Axa, setting a target price of 38.50 euros. Analyst Will Hardcastle noted that the company's nine-month figures met expectations, providing some relief amid declining interest rates since the initial planning.
UBS has maintained its "Buy" rating for Axa, setting a target price of 38.50 euros, following the release of the company's nine-month figures, which met expectations. Analyst Will Hardcastle noted that the unchanged targets provide some relief amid declining interest rates.
UBS has maintained a "Buy" rating for Munich Reinsurance Company, setting a target price of 565 euros despite a weaker-than-expected profit in Q3. Shares fell 2.9% to EUR 476.10, indicating an 18.67% potential upside. The stock has risen 31.6% since the start of 2024, with Q3 2024 financial results due on November 7, 2024.
UBS AG has maintained a "Buy" rating for Munich Reinsurance Company, setting a target price of 565 euros despite a weaker-than-expected profit in Q3. Shares fell 2.9% to EUR 476.10, indicating an upside potential of 18.67%. The company is set to release its Q3 2024 financial results on November 7, 2024.
UBS has maintained a 'Buy' rating for Munich Re, setting a target price of 565 euros following the third-quarter results. Despite a weaker-than-expected profit, analyst Will Hardcastle anticipates only a cautious negative market reaction and does not foresee significant adjustments to the reinsurer's estimates.
UBS has maintained a 'Buy' rating for Munich Re, setting a target price of 565 euros following the third-quarter results. Despite a weaker-than-expected profit that may lead to a cautious market reaction, analyst Will Hardcastle does not foresee significant changes to the reinsurer's estimates. As of October 22, shares of Munich Re traded at 476.80 euros, reflecting a decline of 2.75%.
UBS has maintained a "Buy" rating for Munich Re, setting a target price of 565 euros following the third-quarter results. Despite a weaker-than-expected profit, analyst Will Hardcastle anticipates only a cautious negative market reaction and does not foresee significant adjustments to the reinsurer's estimates.
UBS has increased its price target for Hannover Re from 238 to 267 euros while maintaining a "Neutral" rating ahead of the third quarter results. Analyst Will Hardcastle noted that the sector's natural catastrophe budgets were largely depleted, with Hurricane Milton impacting fourth-quarter results, though improvements in tariffs are expected. Munich Re remains Hardcastle's preferred choice among European reinsurers.
UBS has maintained its "sell" rating for Swiss Re while raising the price target from 101 to 106 francs ahead of the third-quarter results. Despite a 23.3% gain in share price over 2024, Swiss Re shares were virtually unchanged at CHF 116.55, indicating a potential downside of 9.05%. The quarterly results are expected to be released on November 14, 2024.
UBS AG has raised its price target for Hannover Re shares from 238 to 267 euros while maintaining a "neutral" rating. The company's shares rose by 0.7% to EUR 257.20, indicating a potential upside of 3.81%. The Q3 2024 financial results are set to be released on November 11, 2024.
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