Zurich Insurance: Jefferies downgrades to 'hold'
(CercleFinance.com) - An analyst at Jefferies said on Wednesday that he is downgrading his rating on the Zurich Insurance share, believing that it is now "fairly priced".
"Zurich in 2016 was both high risk and high reward. Zurich in 2019 has transformed, with less risk, but also less reward," the broker said.
Jefferies now recommends investor "hold" the group's shares, with a target price of 400 Swiss francs, about 2.5% above the share's current price.
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"Zurich in 2016 was both high risk and high reward. Zurich in 2019 has transformed, with less risk, but also less reward," the broker said.
Jefferies now recommends investor "hold" the group's shares, with a target price of 400 Swiss francs, about 2.5% above the share's current price.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.