Legal & General (LGEN – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Hadley Cohen from Morgan Stanley maintained a Hold rating on the stock and has a p237.00 price target.
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Hadley Cohen has given his Hold rating due to a combination of factors related to Legal & General’s recent announcements and performance expectations. The company reiterated its targets for the Asset Management division, which are already aligned with existing market expectations. This lack of new, upgraded targets might not provide the necessary momentum to drive the stock price higher, especially given its recent strength.
Additionally, while the company has made a promising start to 2025 with expected core operating EPS growth, these projections are also in line with existing forecasts. The absence of new, surprising developments or targets in the company’s strategy leads to a cautious outlook, justifying the Hold rating as investors might not see immediate catalysts for significant stock price appreciation.
In another report released on June 6, Deutsche Bank also downgraded the stock to a Hold with a p270.00 price target.