BofA upgrades Allianz to “buy” on €10 bln M&A capacity and strong growth outlook By Investing.com
Update: 2025-11-03
Description
**Summary:**Bank of America Securities upgraded Allianz, Europe's largest insurer, from neutral to buy, raising its price target to €410. This move was due to Allianz's strong earnings, solid capital position, and potential for large acquisitions. The upgrade led to a near 2% rise in Allianz's shares. Allianz's property and casualty business and asset management division are expected to benefit from lower interest rates, potentially boosting assets under management. Allianz has significant acquisition potential, with estimates of up to €10 billion in mergers and acquisitions through 2027. Analysts expect Allianz's earnings, dividends, and cash flow to steadily increase, making it an attractive investment option amidst market uncertainties.
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