FRANKFURT (dpa-AFX Broker) - Deutsche Bank Research has raised the price target for Munich Re from 330 to 370 euros and left the rating at "Hold". The clear yield gap between European insurance stocks and the banking sector in the current year should change in 2024, analyst Hadley Cohen wrote in an industry report published on Wednesday. With bond yields likely to have peaked, non-life insurance prices continuing to rise and insurers' balance sheets increasingly resilient, this should be the right environment for insurers to deliver stronger relative performance./edh/mis

Publication of the original study: 29.11.2023 / Time not specified in study / CET

First dissemination of the original study: 29.11.2023 / 06:53 / CET

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