JPMorgan upgraded Munich Re (MURGY) to Overweight from Neutral with a price target of EUR 650, up from EUR 530. Positive earnings surprises and rapid margin improvement are “likely in the rearview mirror” for Munich Re, but the firm does not see “the Munich Re story being over” as it believes that capital returns are likely to surprise positively, 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>>
Read More on MURGY:
- Munich Re downgraded to Underweight from Equal Weight at Morgan Stanley
- Munich Re price target raised to EUR 600 from EUR 591 at Barclays
- Munich Re downgraded to Underperform from Market Perform at Keefe Bruyette
- Munich Re price target raised to EUR 610 from EUR 600 at Citi
- Munich Re price target raised to EUR 572 from EUR 559 at RBC Capital