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Stock market, Generali advances after the promotion of JP Morgan

The Lion's stock is reported as one of the most positive on the Ftse Mib basket, driven by a report by JP Morgan, which raised the recommendation on Generali shares to overweight, setting the target price at 17,40 euros.

Stock market, Generali advances after the promotion of JP Morgan

Positive day in Piazza Affari for Generali Assicurazioni, which gains in the late morning 1,06%, at 14,31 euros per share, standing out as one of the best stocks in the Ftse Mib. 

A number of factors contribute to driving the shares of the Lion: the confirmation of the A rating by Standard and Poor's and a report by JP Morgan which raised the stock recommendation from neutral to overweight, setting the new target price at 17,40 euros, up from 14.

According to the analysts of the American Bank, the company's new strategic plan overcomes the risks associated with the capital increase, since it provides for the improvement of the capital situation through the sale of some assets. JP Morgan has also raised its estimate of the dividend for 2013, from 0,20 to 0,27 euros per share.

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