Reinsurance stocks are now attractively valued according to investment bank WestLB...
Reinsurance stocks are 'attractively valued' according to investment bank WestLB.
In early trading, Hannover Re inched upwards €0.03 to €27.58, as WestLB upgraded its rating on the stock to 'add' from 'hold' and upped its target price to €33 from €31.
In a note to clients, the broking division of WestLB said: "After underperforming the European insurance sector for more than three years, reinsurance stocks are now attractively valued in our opinion."
