Kepler ups Banca Generali to 'buy', sees share rebound over Q3 momentum, delisting rumours

Banca Generali SpA

09/10/2026 09:02

** Kepler Cheuvreux raises its rating for Italy's Banca Generali BGN.MI to "buy" from "hold", dismissing its recent share slump given its positive commercial momentum and rumours of a potential bid by its parent company 
** It confirms its PT of €69, as it considers the 6.5% stock drop seen in the last month as "unjustified"  
** Kepler notes the lender's commercial performance was positive in Q3 and expects a 4% annual revenue growth in 2026
** "Press speculation about a possible delisting by Generali GASI.MI may drive a short-term rebound," it adds
** Shares of Banca Generali are up about 4.5%, outperforming Italy's banking index .FTITLMS3010, which rises about 1.1%
** Out of 6 analysts that cover Banca Generali, 4 rate the stock "buy" and two​ rate it "hold" - LSEG data

 (Reporting by Fabrizio La Rocca)
 ((Fabrizio.larocca@thomsonreuters.com))