The day after the publication of the reinsurer's annual results, Oddo BHF reiterates its 'outperform' recommendation on Scor, with a price target raised from €26 to €28 to reflect the strong growth momentum in financial income.

We still believe that the current low valuation multiples do not reflect the prospects for a recovery in profitability in a context of rising property-casualty prices and rising interest rates", adds the analyst in charge of the file.

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