NN Group: Berenberg upgrades stock

(CercleFinance.com) - On Thursday Berenberg upgraded its rating on NN Group shares from "hold" to "buy", maintaining its target price at 52.
8 euros (current price: 41.3 euros, -2%).

In a report on life insurance specialists, the broker believes that their relative underperformance is unjustified, particularly because of their low exposure to Russia and Ukraine.

"We believe that cash flow remains strong and is resilient, that there is no risk to the announced dividends and buybacks, and that the outlook for dividend growth remains positive," the broker said.


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