World-class analyst advocates for investing in select German stocks at present.
In the world of financial analysis, the opinions of leading analysts can significantly influence investment decisions. One such analyst is Michael Huttner, ranked third among the best analysts on TipRanks. Huttner, an analyst at Joh. Berenberg, Gossler & Co. KG (Berenberg Bank), has recently conducted comprehensive analyses of reinsurance companies, including Munich Re and Swiss Re.
Huttner has been advising the purchase of Talanx shares since mid-August, with a target price of 76.20 euros. Interestingly, Talanx shares are currently trading above this target price, indicating a potential upside of almost two percent if they reach Huttner's predicted value. It's worth noting that the average target price on the street for Talanx shares is around 73 euros, making Huttner's prediction slightly optimistic.
In addition to Talanx, Huttner has also been advocating for Allianz shares, with a target price of 309 euros since mid-August. The average target price on Wall Street for Allianz shares is currently around 295.50 euros, suggesting a potential upside of almost nine percent if Allianz shares reach Huttner's target price.
Bernd Förtsch, the CEO and majority shareholder of the publisher Börsenmedien AG, also holds positions in Allianz and Munich Re. However, there is no recent evaluation of Munich Re by Michael Huttner, and the evaluations of Munich Re and Hannover Re by Huttner are from last year, which may not be informative for investors at this time.
Munich Re, a German insurance stock, is not currently being evaluated by Michael Huttner. The company is, however, considered a "preferred sector value" by British investment bank Barclays. The current dividend yield of Munich Re is not specified in the article.
In contrast, Munich Re's competitor, Hannover Re, does not appear to be on Huttner's current watch list. It's important to note that Huttner's success rate with the stocks he's watching is a strong 83%.
Berenberg is more bullish with its forecast for Allianz shares, with an upside of almost nine percent compared to the average. The upside for Talanx shares, if they reach the average target price, is five percent below the current value of the shares.
In conclusion, Michael Huttner's recommendations for Talanx and Allianz shares could provide valuable insights for investors. However, it's essential to remember that past performance is not always indicative of future results, and investors should conduct their own research and consider their risk tolerance before making any investment decisions.
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