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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AVVIY:
- Aviva upgraded to Neutral from Underperform at Exane BNP Paribas
- Aviva reinstated with an Overweight at JPMorgan
- Aviva price target raised to 472 GBp from 470 GBp at Barclays
- Aviva price target lowered to 520 GBp from 525 GBp at JPMorgan
- Aviva (AVVIY) Announces Q4 Dividend: Read On for Important Dates
