Generali: UBS downgrades stock

(CercleFinance.com) - UBS has downgraded its rating on Generali shares from "neutral" to "sell", while nudging up its target price for them from 14.
7 euros to 15.5 euros, with the new target price representing downside potential of 11% for the Italian insurance company's stock.

"Concerns on European personal lines motor and M&A not reflected in P/E when trading at premium to AXA & Allianz," the broker says.


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