Generali: Jefferies upgrades stock

(CercleFinance.com) - Jefferies has upgraded Generali shares from 'hold' to 'buy' - for the first time in four years - with a target price raised from E22 to E28.
5, which now represents 14% upside potential for the stock.

In our view, Generali offers investors lower risk, faster growth and higher capital returns than the market values, the broker summarises.

Jefferies points out that, since 2016, amongst other things, the Italian insurer has succeeded in reducing its debt, switching to lower-risk products and making asset management a significant contributor to earnings.


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