Morgan Stanley downgraded Swiss Re (SSREY) to Underweight from Equal Weight with a price target of CHF 130, down from CHF 143. The company is among the most exposed to a weakening backdrop, particularly at current valuation levels, and faces ongoing currency pressures, the analyst tells investors in a research note.
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Read More on SSREY:
- Swiss Re downgraded to Underweight from Equal Weight at Barclays
- Swiss Re downgraded to Underperform from Neutral at BNP Paribas Exane
- Swiss Re price target raised to CHF 169 from CHF 165 at Citi
- Swiss Re price target lowered to CHF 143 from CHF 156 at RBC Capital
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