NEW YORK (dpa-AFX) - The analyst firm Jefferies has left its rating for Munich Re at "Buy" with a target price of 435 euros. The capital distributions to shareholders reported the previous evening after the close of trading should be very well received by the market, wrote analyst Philip Kett in a study published on Tuesday. However, he added that the same would probably not apply to the results for the fourth quarter, which the reinsurer reported this morning. Net income, for example, met the consensus estimate and was even ten percent above the company's forecast, but the reason for this was a positive tax rate./ck/gl

Publication of the original study: 27.02.2024 / 02:08 / ET First transmission of the original study: 27.02.2024 / 02:08 / ET

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