Aviva: UBS raises target price

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Aviva shares, slightly raising its target price for them from 580 pence to 590 pence, a new target that represents 18% upside potential for the British insurance company's stock.


Aviva is our first choice in European life insurance, due to decent capital returns, low balance sheet risk, low payout ratios and a diversified business mix, the broker says.


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