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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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
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.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.