JPMorgan downgraded NN Group (NNGRY) to Neutral from Overweight with an unchanged price target of EUR 50. The European insurers outperformed in 2024, suggesting lower upside potential in 2025, the analyst tells investors in a research note.. However, the firm still sees reasons to remain positive given earnings upgrades and resilience during a period of uncertainty. It adjusted ratings as of a 2025 preview for the European insurance sector.
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Read More on NNGRY:
- NN Group downgraded to Hold from Buy at Kepler Cheuvreux
- NN Group assumed with an Equal Weight at Morgan Stanley
- NN Group price target raised to EUR 49 from EUR 43 at Deutsche Bank
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