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Admiral Group upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital analyst Derald Goh upgraded Admiral Group to Outperform from Sector Perform with a price target of 3,400 GBp, up from 2,600 GBp. The company’s earnings momentum is not adequately reflected in consensus estimates following the fiscal 2023 update, the analyst tells investors in a research note.

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