Morgan Stanley upgraded Swiss Re (SSREY) to Equal Weight from Underweight with a price target of CHF 134, up from CHF 113, as part of a broader research note on Reinsurance names in Europe. The company has significantly improved its book, demonstrating earnings strength and likely removing the casualty overhang, but the firm remains at neutral given the significant re-rating of the stock having gained 15% year-to-date, the analyst tells investors in a research note.
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Read More on SSREY:
- Swiss Re price target raised to CHF 707 from CHF 698 at Deutsche Bank
- Swiss Re price target raised to CHF 132 from CHF 96 at Deutsche Bank
- Swiss Re price target raised to CHF 155 from CHF 140 at JPMorgan
- Swiss Re upgraded to Market Perform from Underperform at Keefe Bruyette
- Swiss Re price target raised to CHF 128 from CHF 120 at RBC Capital