Berenberg analyst Michael Huttner has elevated his rating on Baloise (BLHEF, Financial), moving it from Hold to Buy. This decision comes alongside a significant increase in the price target, which is now set at CHF 226.40, up from the previous target of CHF 172.50.
The upgrade is driven by Berenberg's positive outlook on the company's merger with Helvetia, which the firm believes is poised to generate substantial additional value. Investors are advised to take note of these developments as they consider their positions in Baloise.
