Generali: UBS ups price target
(CercleFinance.com) - UBS raised its target price for the Generali share by almost 15% on Wednesday, seeing "limited upside" in it, but also "robust" fundamentals.
"We see limited scope for re-rating but operating fundamentals are progressing well, solvency is above 200% and risks to the 2021 capital management plan have reduced," the broker wrote in a note.
UBS has therefore raised its target price for the stock to 17.7 euros from 15.5 euros, while reiterating its "neutral" rating.
The Generali share is currently up 0.4% at 18.7 euros in Milan.
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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.
"We see limited scope for re-rating but operating fundamentals are progressing well, solvency is above 200% and risks to the 2021 capital management plan have reduced," the broker wrote in a note.
UBS has therefore raised its target price for the stock to 17.7 euros from 15.5 euros, while reiterating its "neutral" rating.
The Generali share is currently up 0.4% at 18.7 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.