RBC Capital analyst Ben Cohen downgraded Swiss Re (SSREY) to Underperform from Sector Perform with a price target of CHF 125, down from CHF 143, as a new analyst took over coverage of the stock. The firm is “puzzled” why the stock has re-rated so close to Hannover Re and Munich Re and sees a discount as more appropriate.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSREY: