Allianz: stock up on analyst's comments

(CercleFinance.com) - Going against the grain in Frankfurt, Allianz shares are up nearly 1%, thanks to favourable comments from Oddo BHF, which reiterates its "outperform" rating on the stock, having increased its target price for the share from 240 euros to 242 euros.


The broker considers that the uncertainty of litigation in the US should not hide the group's strength, and that the low multiples (2022 P/E of 9x) do not reflect the quality of Allianz's business model.


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