Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a245642
JP Morgan downgrades insurers
by Andrew Zilouf on Jan 30, 2003 at 13:46
JP Morgan has downgraded Aviva, Friends Provident and Legal & General from neutral to underweight.
It has cut fair values prices for Aviva (AV.) by 125p to 400p, Friends Provident (FP.) by 69p to 91p, Legal & General (LGEN) by 45p to 75p, Prudential (PRU) by 180p to 320p, neutral-rated Abbey National (ANL) by 75p to 425p, overweight-rated HBOS (HBOS) by 40p to 775p, underweight-rated Lloyds TSB (LLOY) by 50p to 450p. The last three are banks which own substantial insurance operations.
News sponsored by:
Subscribe to Wealth Manager to get the inside track on your rivals' moves
Keep up to date with how your peers are allocating their clients' assets by subscribing to Wealth Manager magazine.
Today's top headlines
More about this:
Look up the shares
- Aviva PLC (AV.)
- Friends Provident PLC (FP.)
- Legal & General Group PLC (LGEN)
- Prudential PLC (PRU)
- HBOS PLC (HBOS)
- Lloyds TSB Group PLC (LLOY)
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
by Sarah Miloudi on May 21, 2013 at 09:59