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Generali: still a buyer, Oddo BHF raises target price

( - Broker Oddo BHF has welcomed the Italian insurance giant Generali's interim results, confirming its buy rating on the share.

The broker has raised its corresponding target price from 17.8 euros to 18.5 euros, which suggests upside potential of 11%.

According to analysts, although the group has reported moderate growth in revenue, the momentum of its different businesses remain solid. The note adds that the group's solvency margin has resisted well, which also highlights upbeat operational momentum, balance sheet and solid cash generation.

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