Munich Re price target raised to EUR 600 from EUR 591 at Barclays

Barclays raised the firm’s price target on Munich Re (MURGY) to EUR 600 from EUR 591 and keeps an Overweight rating on the shares. The firm sees upside risk to the company’s yield and capital return. Munich’s upcoming plan in December will lean on its capital flexibility, providing potential upside to capital return, the analyst tells investors in a research note.