Generali: Barclays downgrades stock
(CercleFinance.com) - Barclays has downgraded its recommendation on Generali shares from "overweight" to "equal weight", despite nudging up its target price for them from 38 euros to 38.
5 euros, saying that it sees "even less room for further NII surprises".
The broker points to the share's current valuation and weaker near-term fee momentum for the insurer, and says that it prefers Mediolanum (advised to "overweight") amongst Italian peers.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.