Morgan Stanley analyst Ismael Dabo upgraded Scor (SCRYY) to Overweight from Equal Weight with a price target of EUR 29, up from EUR 25, as part of a broader research note on Reinsurance names in Europe. The stock has been adversely impacted by a history of negative earnings revisions and concerns on capital levels, and the company offers the most positive re-rating potential in the near term, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCRYY: