Best Research Ideas

Generali – Now We Are Free: Upgrading to Buy

— Mark Cathcart, Equity Research Analyst, Pan-European Insurance

Following decades of political intrigue, Jefferies believes Generali is finally free to forge its own strategic destiny. Cash earnings are accelerating, and together with the capital being released from non-core assets, Generali will soon be ready to redeploy capital. Jefferies calculates the annual potential uplift from such capital actions at 3-4% and upgrades to Buy.