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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZURVY: