HSBC upgraded Aviva to Buy from Hold with a price target of 480 GBp, down from 495 GBp. The analyst cites the company’s “attractive” capital returns for the upgrade. Aviva offers a 12% average total capital return yield “that is comfortably covered by OCG and cash remittances,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>