Goldman Sachs analyst Andrew Baker downgraded Zurich Insurance (ZURVY) to Sell from Neutral with a price target of CHF 542, down from CHF 562. Valuation is “screening as expensive” while the commercial P&C outlook is more mixed than retail, the analyst tells investors. Additionally, the firm sees some downside risk to EPS expectations for Zurich.
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 ZURVY: