BofA upgraded Aegon (AEG) to Buy from Neutral with a price target of EUR 7, up from EUR 6.20. Aegon has now built “a strong track record of delivery and stability of earnings” after a material de-risking of the business, the analyst tells investors. Given this and the commitment made at Q3 to return excess cash over time, “most of the ingredients for a re-rating are now present,” the analyst argues.
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Read More on AEG:
- Aegon assumed with an Overweight at Morgan Stanley
- Aegon upgraded to Buy from Neutral at UBS
- Aegon price target raised to EUR 6.38 from EUR 6.33 at Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
