Analysts on Wall Street predict up to a 20% increase in these select German stocks, claiming they offer significant potential.
Michael Huttner, a renowned analyst at Berenberg Bank, continues to impress as the top Wall Street expert, according to financial platform TipRanks. A major portion of Huttner's 403 rated stocks have yielded profits, topping off at an impressive success rate of 84 percent. He casts his analytical lens not only on American stocks but also on some notable German representatives.
Leading the lineup of German stocks under Huttner's scrutiny is Allianz. The analyst recently reaffirmed his buy recommendation for the stock, with a price target of 376 euros, presenting an estimated uptick of more than 20 percent.
Hannover Re, on the other hand, shows only a sliver of price growth but still piques Huttner's interest. He advocates buying Hannover Re shares, projecting a price target of 95.30 euros, which suggests a 17 percent potential upside.
Talanx follows suit, with its shares also highly regarded by Huttner. He set a price target of 95.30 euros, aligning with a 17 percent estimated upside. His last rating for the stock was at the beginning of the year.
Munich Re is the only German stock that Michael Huttner currently advises his followers not to buy, with a neutral "Hold" recommendation. His target price of 522 euros hints at an approximate six percent potential upside. This stance aligns with the sentiment of many other analysts who maintain a neutral outlook on the stock.
Investors may want to consider Huttner's insights on the performance and outlook of the aforementioned European insurers as they make informed investment decisions. As always, it is crucial to conduct thorough research before making any investment moves.
Investors may find Huttner's analysis of European insurers insightful, as he recommends buying Allianz, Hannover Re, and Talanx stocks, with projected price increases of more than 20 percent for Allianz, a 17 percent potential upside for Hannover Re and Talanx. However, for Munich Re, he advises a "Hold" recommendation with a 6 percent estimated upside, aligning with many other analysts maintaining a neutral outlook. This suggests that these investments could be beneficial for those interested in the finance and investing sector, particularly in the stock-market of European insurers. It's essential to conduct thorough research before investing.
