• (PLX AI) – Munich Re shares rose in early trading after the company reported second-quarter net income 36% above consensus estimates.
  • • Higher Covid losses in the Life business were offset by better performance in other areas
  • • Bank of America analysts reiterated their buy rating on the stock, saying Munich Re is now at a particularly attractive entry point
  • • The insurer should deliver the best combined ratio in a decade and the best return on equity since 2013, with EPS growth ahead of management targets, BofA said
  • • Price target EUR 304 implies more than 40% upside

Quelle: PLX AI