Zurich takes on European rivals with new 2022 targets

ZURICH/LONDON (Reuters) - Zurich Insurance on Thursday raised its earnings targets for the next three years as Europe's fifth-biggest insurer takes aim at rivals such as Allianz and Generali .Zurich's three-year plan is "remarkably similar" to Allianz's plan released in Nov 2018, Jefferies analysts said, pointing to Allianz's strong performance since then and reiterating their "buy" rating on Zurich stock. Zurich raised its target for business operating profit after tax return on equity..