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Zurich Insurance downgraded to Sell from Neutral at Goldman Sachs

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.

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