Hannover Re Shares Surge Following UBS Recommendation Upgrade

Shares of the German reinsurer Hannover Re experienced a significant rally on Friday, propelled by a major upgrade from investment bank UBS. The stock climbed more than 3% in Frankfurt trading after UBS raised its rating from “Neutral” to “Buy,” making it one of the top performers within the DAX index for the session.

UBS analysts highlighted that the market is currently undervaluing Hannover Re’s unique non-technical capabilities. They pointed to the company’s exceptional resilience within a challenging and softening insurance cycle as a key strength. The upgrade was largely driven by the finding that the reinsurer is trading at a rare discount compared to both the broader sector and its direct peers, presenting a compelling entry opportunity for... Read more...