Jefferies ups Banca Generali to 'buy' on business momentum, upside
BUZZ-Jefferies ups Banca Generali to 'buy' on business momentum, upside ** Jefferies ups Banca Generali BGN.MI to "buy" from "hold", expects Alleanza partnership and Intermonte acquisition to support the April-May business momentum into the second half
** "We think consensus is not fully embedding the upside from these initiatives or from the higher rates" the brokerage says, adding that a new business plan presentation in the second half could be a catalyst
** Jefferies also notes that business visibility was impacted by Mediobanca takeover attempt in 2025, but sees a positive impact from its resolution, with recruitment trends improving and net inflows rebounding
** The brokerage reiterates its rating on Fineco FBK.MI and Banca Mediolanum BMED.MI at "buy" and "hold", respectively
** Of 7 analysts covering Banca Generali, 5 rate the stock "strong buy" or "buy", two "hold" and none "sell" - LSEG data
COMPANY | RATING | OLD RATING | PT | OLD PT |
Banca Generali BGN.MI | Buy | Hold | €70.00 | €61.00 |
Fineco FBK.MI | Buy | no change | €26.10 | €26.00 |
Banca Mediolanum BMED.MI | Hold | no change | €21.50 | €20.40 |
(Reporting by Anna Uras)