Allianz: well oriented after a favorable analysis


(CercleFinance.com) – The stock ended the day up nearly 1.7%. Jefferies reaffirms its ‘buy’ advice on Allianz, noting that beyond asset management, its insurance segments have far exceeded expectations in its quarterly release. The analyst adjusts his target price from 260 to 255 euros,

‘After gathering a wide range of investor opinions, we find that investors’ attention remains focused on Allianz’s asset management activities’, the broker points out in the summary of its note.

“Specifically, optimists point to a possible resolution to the ‘Structured Alpha’ problem, while pessimists point to assets under management (AUM) at PIMCO,” he continues.

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