UBS upgrades Banca Generali on Intermonte, Alleanza upside

Banca Generali SpA

07/11/2025 13:27

** UBS upgrades its rating on Banca Generali BGN.MI to "buy" from "neutral" as it expects the Italian group to report more sustainable asset flow and improved revenue growth

** It cites acceleration of business initiatives, including synergies from its recent Intermonte deal and Alleanza partnership

** Post "solid" Q3 UBS increases its estimates on the bank's earnings by 5-10% for 2025-29

** The broker raises its PT on the stock by around 11% to 56.90 euros

** Out of seven analysts that cover Banca Generali, five rate the stock "strong buy" or "buy,"​ and two rate it "hold" - LSEG data

 (Reporting by Mirko Miorelli)

 ((Mirko.miorelli@thomsonreuters.com))