Aviva: UBS raises target price

(CercleFinance.com) - UBS has reiterated its 'buy' recommendation on Aviva shares, raising its target price for them from 515 pence to 555 pence, with the latter representing 18% upside potential for the British insurance company's stock, which it hails as "A gem in an unloved geography".


In its summary, the broker sees Aviva as "a favoured UK life insurance stock, with a high capital return yield, diversified business mix and upside to expectations".


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