tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Harel initiated with a Hold at Jefferies

Jefferies analyst Philip Kett initiated coverage of Harel with a Hold rating and ILS 28 price target. Harel is a market leader in Israel’s insurance industry, with top quartile profitability, which “bodes well” for the successful execution of management’s diversification strategy in the medium-term. However, Harel’s market leadership has left it relatively exposed to the issue of Long-Term Care, or LTC, Insurance and left it carrying NIS greater than 10B of liabilities with terms and conditions that are “highly customer friendly,” the analyst tells investors.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Disclaimer & DisclosureReport an Issue

1