Morgan Stanley analyst Ismael Dabo resumed coverage of Zurich Insurance with an Equal Weight rating and price target of CHF 451, down from CHF 480. The firm likes Zurich’s operational track record and low exposure to corporate bonds, but says near-term earnings volatility and waning operational momentum keeps it on the sidelines.
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- Chubb in talks to buy 49% stake in Kotak General Insurance, Reuters reports
- Zurich Insurance price target lowered to CHF 400 from CHF 430 at JPMorgan
- Zurich Insurance price target lowered to CHF 455 from CHF 485 at Barclays
- Zurich Insurance downgraded to Hold from Buy at Kepler Cheuvreux
- Zurich Insurance downgraded to Neutral from Buy at Citi
