Munich Re: shares down despite broker raising target
(CercleFinance.com) - Munich Re shares were down 0.
2% at 207.7 euros on Wednesday, despite a broker raising its target price on the world's largest reinsurer.
In a note this morning, UBS said that it is raising its target price for the share from 178 euros to 182 euros. Even so, it maintains its "sell" rating on the stock.
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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.
2% at 207.7 euros on Wednesday, despite a broker raising its target price on the world's largest reinsurer.
In a note this morning, UBS said that it is raising its target price for the share from 178 euros to 182 euros. Even so, it maintains its "sell" rating on the stock.
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.