Phoenix: UBS reiterates Buy rating, maintaining TP
(CercleFinance.com) - UBS reiterates its Buy rating on the Phoenix stock (life assurance), with a target price of E610, representing 8% upside potential from the current price.
The analyst believes that management's actions have led to an increase in net income.
Analysts note that cash generation was higher than expected thanks to management actions. IFRS net income was lower than forecast due to market impacts, and should reverse in the second half of 2024.
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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.
The analyst believes that management's actions have led to an increase in net income.
Analysts note that cash generation was higher than expected thanks to management actions. IFRS net income was lower than forecast due to market impacts, and should reverse in the second half of 2024.
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.