BUZZ — Swiss Re down after Jefferies downgrade on reinsurance price declines
* Shares in Swiss Re are seen down some 2% in pre-market trade after Jefferies cut the reinsurer to "underperform" from "hold", citing faster reinsurance price declines and revenue risks * Broker lowers its PT to 110 Swiss Francs ($132.20) from 130 Swiss Francs * It does not expect the reinsurance prices to find a floor until 2030 without a major global catastrophe * Cuts Swiss Re's FY 2027 revenue forecast by 12%, saying it is 7% below consensus in 2027 and 19% below by 2030 on P&C reinsurance revenue * Out of 21 analysts that cover Swiss Re, 3 rate the stock "strong buy" or "buy", 7 rate "hold" and 11 rate the stock "sell" - LSEG data ($1 = 0.8321 Swiss francs) (Reporting by Basile Day) ((Basile.Day@thomsonreuters.com)