The shares in Polish largest insurer PZU have fallen last week to its lowest level, following the downgrading of their value by UBS analysts from PLN 370 to just PLN 349 per share. “The lower target price illustrates more conservative assumptions about the prospects for the return rates in the long-term,” says Tomasz Walkowicz, UBS analysts responsible for the recommendation, adding that none of the Polish WSE’s companies are expected to see share price rises this year.
