(ADPnews) - Mar 23, 2011 - Commerzbank today reiterated its "add" stance on German re-insurer Munich Re (ETR:MUV2) and kept the share price target of EUR 117, as the company announced costs from the catastrophe in Japan may reach EUR 1.5 billion (USD 2.13bn).
Analyst, Roland Pfaender, expected lower amount of damage claims. He is therefore not surprised that Munich Re said it would not be able to achieve …
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