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Allianz: Commerzbank raises target price.

(CercleFinance.com) - Commerzbank has reiterated its "buy" rating on Allianz and raised its target price on the stock from 210 euros to 230 euros after a strong third-quarter report.

The broker believes that the announcement of a 2 billion euro share buyback, to be executed in the second half of 2018, represents a "fundamental change in Allianz's DNA in its quest to become even more shareholder friendly."

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