• (PLX AI) – Allianz shares are cheaply valued and don't reflect the insurer's attractive outlook, Bank of America analysts said, reiterating a buy recommendation.
  • • Price target EUR 255
  • • Allianz trades at a 10% discount to peers, while historically it should command a 5-10% premium, the analysts said
  • • Annual earnings growth of 5% supported by top-line growth, capital redeployment and cost management should put the company on a path to ROE expansion, which will already be confirmed by second-quarter results next month, BofA said
  • • Allianz is strongly capitalized and has room to return capital to shareholders beyond the ordinary dividend, probably next year: BofA

Quelle: PLX AI