BofA analyst Andrew Sinclair downgraded Zurich Insurance to Neutral from Buy with a price target of CHF 495, up from CHF 480. He is entering 2023 with his most conservative stance in years" and downgraded a further six stocks in the Pan-Euro Insurance space to leave him with a "balanced" 12 Buy recommendations, 10 Neutrals and 10 Underperforms across the group, Sinclair tells investors.
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Published first on TheFly