HSBC analyst Faizan Lakhani downgraded Hannover Re to Reduce from Hold with a price target of EUR 225, up from EUR 205. The company’s dividend yield relative to German bunds has compressed to all-time lows and HSBC struggles to justify the stock trading at a premium to historical levels, the analyst tells investors in a research note.
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Read More on HVRRY:
- Hannover Re price target raised to EUR 255 from EUR 230 at Deutsche Bank
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- Hannover Re price target raised to EUR 217 from EUR 200 at Morgan Stanley
