Fly News Breaks for June 10, 2019
Jun 10, 2019 | 05:01 EDT
Citi analyst James Shuck upgraded Allianz to Buy from Neutral and raised his price target for the shares to EUR 232.30 from EUR 192. 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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