Aegon climbs 3% Amsterdam with the support of favorable remarks from Credit Suisse which reaffirms its ‘outperformance’ opinion with a price target raised to 5.60 5.80 euros, seeing the potential for growth in the consensus for the Dutch insurer.
‘In addition, we believe that a transaction on the variable annuity portfolio should create the option of additional capital return, while reducing the group’s exposure to a unit which has significantly weighed on the valuation’, adds the broker.
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