Generali: Morgan Stanley starts coverage with 'equal weight'
(CercleFinance.com) - Morgan Stanley on Monday began coverage of the Generali stock with an "equal weight" rating and a target price of 18.
50 euros.
While the broker expects Generali to meet its targets - delivering a full-year 2020 dividend yield of 5.4% and average 2018-21 earnings growth of about 7% - the shares have re-rated year-to-date and now look fairly valued, it writes in a note.
The Generali share is currently up 0.6% at 18.5 euros in Milan.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
50 euros.
While the broker expects Generali to meet its targets - delivering a full-year 2020 dividend yield of 5.4% and average 2018-21 earnings growth of about 7% - the shares have re-rated year-to-date and now look fairly valued, it writes in a note.
The Generali share is currently up 0.6% at 18.5 euros in Milan.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.