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Fly News Breaks for June 10, 2019
ARZGY
Jun 10, 2019 | 05:06 EDT
Citi analyst James Shuck upgraded Generali to Neutral from Sell and raised his price target for the shares to EUR 16.50 from EUR 14.32. The process of industrializing capital allocation at insurers has not yet been rewarded but is fully underway, Shuck tells investors in a research note. He believes this should drive less earnings volatility for European Insurance names as well as better cash management.
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