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Allianz: Jefferies remains buy, adjusts its target

(CercleFinance.com) - While trimming its target price from 260 euros to 255 euros, Jefferies has reinstated its "buy" rating on Allianz shares, noting that beyond asset management, its insurance segments have largely exceeded expectations in its quarterly publication.


"Having collated a broad range of investor views, we find that investor attention remains focused on Allianz's Asset Management businesses," the broker summarised.

"Specifically, bulls point to a possible resolution to the Structured Alpha issue, while bears emphasise PIMCO's AUM," it added.



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