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UBS has maintained a "Neutral" rating for Allianz shares with a target price of €287, following a slight earnings beat in Q3. The stock rose 1.2% to €286.40, indicating a potential growth of 0.21% towards the target. Trading volume increased to 275,241 shares, with a year-to-date price increase of 24.7%. Quarterly results are expected on November 13, 2024.
UBS AG has maintained a "Neutral" rating for Allianz shares, setting a target price of 287 euros. Analyst Will Hardcastle noted that Allianz slightly exceeded expectations in Q3, with the stock rising 1.2% to EUR 286.40, reflecting a 24.7% increase since the start of 2024. The upcoming capital markets day in December is anticipated to be a key focus.
UBS has maintained a "buy" rating for Munich Reinsurance Company while lowering its price target from 560 to 540 euros, citing a poor third quarter but overall strong positioning. Analyst Will Hardcastle noted a slower increase in leverage and adjusted buyback estimates after insights from the CFO. The shares rose 2.0% to EUR 479.50, indicating a potential upside of 12.62% towards the new target price, with a 32.5% increase since the start of 2024. Quarterly results are set to be released on February 26, 2025.
UBS has reduced its price target for Munich Re from 560 to 540 euros while maintaining a "Buy" rating. Analyst Will Hardcastle noted a disappointing third quarter but affirmed the reinsurer's strong position, adjusting buyback expectations following comments from the CFO. The anticipated increase in leverage is expected to be slower than previously estimated.
UBS AG has maintained a "Buy" rating for Munich Reinsurance Company shares while lowering its price target from 560 to 540 euros. Despite a disappointing third quarter, analyst Will Hardcastle noted the reinsurer's solid position and slightly increased estimates for regular buybacks, although hopes for additional buybacks were canceled. As of midday trading, shares rose by 2.0% to EUR 479.50, indicating a potential upside of 12.62% relative to the new target price.
Hannover Re's shares surged by 3.5% following an optimistic profit outlook, recovering from a recent decline. The reinsurer anticipates a profit of €2.3 billion for the year, aligning with analyst expectations, while Swiss Re's shares rose after UBS upgraded its rating to buy. CEO Jean-Jacques Henchoz will transition to CFO Clemens Jungsthöfel in April 2025.
UBS has maintained a "Neutral" rating for Hannover Re, setting a target price of 267 euros. Analyst Will Hardcastle anticipates a neutral reaction to the company's figures, with the outlook for 2025 aligning with his expectations.
UBS has maintained a "Neutral" rating for Hannover Re, setting a target price of 267 euros. Analyst Will Hardcastle anticipates a neutral reaction to the company's figures, with the outlook for 2025 aligning with his expectations.
UBS has upgraded its rating for Swiss Re from "Sell" to "Buy," increasing the price target from 106 to 136 francs. Analyst Will Hardcastle cited enhanced confidence and a clear path for share buybacks following a significant provision in the USA, with new earnings estimates for 2025/26 exceeding consensus by about ten percent.
UBS has upgraded its rating for Swiss Re from "sell" to "buy," increasing the price target from 106 to 136 francs. Analyst Will Hardcastle cited enhanced confidence and a clear path for share buybacks following a significant provision in the USA, with new earnings estimates for 2025/26 exceeding consensus by about ten percent.
Will Hardcastle
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ubs maintains neutral rating for allianz shares with target price of 287 euros
12:04 13.11.2024
ubs maintains neutral rating for allianz shares with target price of 287 euros
11:04 13.11.2024
ubs maintains buy rating for munich re despite lowered price target
13:37 11.11.2024
UBS reduces Munich Re price target to 540 euros while maintaining buy rating
12:45 11.11.2024
ubs lowers price target for munich reinsurance but maintains buy rating
12:37 11.11.2024
Hannover Re raises profit outlook as Swiss Re receives UBS upgrade
Euro
United States Dollar
Hannover Rück SE
Swiss Re AG
Munich Re Markets GmbH
DEU
Jean-Jacques Henchoz
Will Hardcastle
Clemens Jungsthöfel
Thorsten Wenzel
Derald Goh
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11:50 11.11.2024
ubs maintains neutral rating for hannover re with target price of 267 euros
11:23 11.11.2024
ubs maintains neutral rating for hannover re with target price of 267 euros
11:18 11.11.2024
UBS upgrades Swiss Re rating to buy with increased price target
10:35 11.11.2024
ubs upgrades swiss re rating from sell to buy with higher price target
10:35 11.11.2024
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