Interim results highlighted a faster than expected switch from traditional to capital-light products in the Italian and French life operations lifting MCEV margins and indicating the group is likely to comfortably achieve cash targets. We raise our price target by 8% and rating from HOLD to BUY.
15 Sep 2017
Switch to capital-light picking up pace
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Switch to capital-light picking up pace
Assicurazioni Generali S.p.A. (AGEN:WBO) | 0 0 0.6% | Mkt Cap: 24,114m
- Published:
15 Sep 2017 -
Author:
Craig Bourke -
Pages:
4
Interim results highlighted a faster than expected switch from traditional to capital-light products in the Italian and French life operations lifting MCEV margins and indicating the group is likely to comfortably achieve cash targets. We raise our price target by 8% and rating from HOLD to BUY.