Jefferies upgraded Aviva to Buy from Hold with a 480 GBp price target. The analyst expects Aviva to deliver a “best-in-class” capital return yield, underpinned by excess capital and the strongest free cash flow among peers. The company’s’ earnings should start to shift towards capital-light business, which is well-timed given improving market conditions, and should warrant a premium valuation versus peers, the analyst tells investors in a research note.
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Read More on AVVIY:
- Aviva upgraded to Neutral from Underperform at Exane BNP Paribas
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- Aviva price target raised to 472 GBp from 470 GBp at Barclays
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