Swiss Re falls further as analyst lowers forecasts
Swiss Re's share price plunged 10 percent today (20 February), compounding a fall of 5 percent yesterday, as analysts digested an afternoon conference call with the troubled reinsurance giant's board of directors, and took no comfort from what they heard.
Analysts at Collins Stewart lowered their earnings forecasts for the firm on the back of the disclosure that risk asset exposure was "slightly worse" than their expectation, and also lowered price targets to a 50 percent discount to year-end book...
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