Zurich Insurance: UBS raises target price

(CercleFinance.com) - UBS highlights the increase in share buyback and EPS expectations following the CMD.
Following this meeting with management, the analyst confirms his Neutral rating on the share, while raising his TP to 532 CHF (from 475 CHF).

Zurich impresses with its ambitious three-year plan, but valuation limits upside potential. Share buybacks will be one-offs, UBS says.

The Swiss insurance group has announced its new targets for 2025-2027, which include a forecast for average annual growth of over 9% in core EPS.

It is also targeting a return on equity (ROE) of at least 23%, as well as more than $19bn in cash distributions to shareholders.


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