KBW hits Scor with downgrade and target price cut on L&H, Covea “uncertainty”
French reinsurer Scor has been downgraded from ‘outperform’ to ‘market perform’ by KBW, with its target price also reduced from €34.0 to €18.0 amid ongoing uncertainty around the group’s vulnerable Solvency II position, L&H reserving and arbitration with Covea.
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