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The broker said it has cut its price targets on Aviva Plc. to 691 pence from 780, keeping its 'buy' rating; Friends Provident Plc. to 106 pence from 139, keeping its 'hold' rating; Old Mutual Plc. to 148 pence from 169, keeping its 'buy' recommendation; Legal & General Group Plc., to 120 pence from 136, keeping its 'hold' recommendation; Prudential Plc. to 666 pence from 745, keeping its 'hold' rating; Standard Life Plc., to 250 pence from 262, keeping its 'hold' rating; Just Retirement to 171 pence from 175, keeping its 'buy' rating; and Royal & Sun Alliance to 146 pence from 150, keeping its 'hold' rating.
Deutsche Bank said it cut its targets on Banca Generali to 5.20 euros from 6.90, keeping its 'hold' rating; Azimut to 6.60 euros from 9.00, keeping its 'hold' recommendation; Zurich Financial Services to 386 Swiss francs from 404, keeping its 'buy' rating; Swiss Re to 88 Swiss francs from 94, keeping its 'hold' rating; and Baloise to 114 Swiss francs from 117, keeping its 'hold' rating.
Deutsche Bank cut its targets on AXA to 24.7 euros from 27.1, keeping its 'hold' rating; ING Group NV to 25.7 euros from 28.2, keeping its 'hold' rating; Aegon NV to 10.4 euros from 11.8, keeping its 'hold' rating; Munich Re to 124 euros from 141, keeping its 'hold' rating, Allianz to 144 euros from 156, keeping its 'buy' rating; Sampo to 18.3 euros from 20.1, keeping its 'hold' rating; and Storebrand, to 47 Norwegian crowns from 53.
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