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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