Top-tier analyst advocates these popular DAX share options.
Top Wall Street Analyst's Hot Picks for Three German Stocks
Michael Huttner of Berenberg Bank, a Wall Street powerhouse ranked number one among over 9,000 analysts, is throwing his hat in the ring with his latest stock recommendations. With a stunning 84% success rate and an average return of 15.8% per recommendation, his picks are a hot commodity for investors looking for profits.
So what three companies is the financial guru keeping his eye on? Well, three well-known German stocks, to be exact!
Huttner's Top German Stock Picks
Huttner's focus is primarily on stocks in the insurance sector and has a knack for identifying the strengths of company business models, which he believes closely correlates with stock market performance. The analyst regularly covers companies from countries like the USA, Italy, France, the UK, and Germany.
Here are the three German stocks this top gun is currently eyeing:
- Allianz SE (ALIZF)
- Huttner believes there's a 20% upside potential, with a price target of 376 euros, which significantly outpaces the analyst consensus of 317 euros and its 2.5% chance.
- Hannover Rück (HWARF)
- Huttner recommends buying Hannover Rück with a price target of 260 euros, which is almost exactly at the current price, while the consensus sees around a 7% upside at 280 euros.
- Munich Re (MURGY)
- Huttner sees more potential for the shares of reinsurer Munich Re, with a price target of 552 euros, offering a 6% chance of a price increase. However, he advises holding the stock, like the majority of analysts.
Another promising insurance company not in the DAX but in the MDAX is Talanx (TLXGF), which Huttner suggests buying with a price target of 95 euros, suggesting a potential 16% price increase.
Dive Deeper
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Important Note: The publisher Börsenmedien AG's board and majority shareholder, Mr. Bernd Förtsch, holds direct and indirect positions in the financial instruments mentioned in the publication, which could benefit from the potential price development resulting from the publication. Specific price targets for Münchener Rückversicherungs and Allianz SE were not explicitly stated in the retrieved information, but both are under active coverage by Michael Huttner at Berenberg.
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Michael Huttner, a top Wall Street analyst, has recommended investing in three German stocks: Allianz SE (ALIZF), Hannover Rück (HWARF), and Munich Re (MURGY), with price targets of 376 euros, 260 euros, and 552 euros respectively. Additionally, he suggests buying Talanx (TLXGF) with a price target of 95 euros, indicating a potential 16% price increase for this insurance company not in the DAX but in the MDAX.