UBS downgraded Munich Re (MURGY) to Neutral from Buy with a price target of EUR 555, up from EUR 540. The firm says the company’s economics are now better reflected in the stock’s valuation.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MURGY:
- Munich Re downgraded to Equal Weight from Overweight at Morgan Stanley
- Munich Re price target raised to EUR 535 from EUR 450 at Deutsche Bank
- Munich Re price target raised to EUR 513 from EUR 501 at RBC Capital
- Munich Re Surpasses Expectations Despite Q3 Challenges
- MURGY Earnings this Week: How Will it Perform?
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue