tiprankstipranks
M&G Plc downgraded to Underperform from Market Perform at Keefe Bruyette
The Fly

M&G Plc downgraded to Underperform from Market Perform at Keefe Bruyette

Keefe Bruyette analyst Charlie Beeching downgraded M&G Plc to Underperform from Market Perform with a 190 GBp price target. The analyst reiterates an underweight stance on European insurers seeing a poor risk/reward for the sector, especially compared with banks. He believes inflation’s impact on claims could be a lagging negative and now prefers life over non-life insurers.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles