Generali: Oddo BHF raises TP ahead of quarterly results
(CercleFinance.com) - Oddo BHF is maintaining its 'neutral' recommendation (relative to the sector) on Generali shares, but is raising its target price for them from E24.
8 to E26.1 (2025), ahead of the Italian insurer's quarterly results scheduled for 15 November.
According to the broker, net income for the first nine months is expected to fall by 8.3% to just over E2.73bn, while operating income is expected to edge up 0.5% to just over E5.12bn.
Operating momentum remains favourable, even though Generali was severely impacted by natural disasters in the third quarter, Oddo BHF says, which nevertheless believes that a number of other stocks in the sector still have greater upside potential.
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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.
8 to E26.1 (2025), ahead of the Italian insurer's quarterly results scheduled for 15 November.
According to the broker, net income for the first nine months is expected to fall by 8.3% to just over E2.73bn, while operating income is expected to edge up 0.5% to just over E5.12bn.
Operating momentum remains favourable, even though Generali was severely impacted by natural disasters in the third quarter, Oddo BHF says, which nevertheless believes that a number of other stocks in the sector still have greater upside potential.
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.