Aegon assumed with an Overweight at Morgan Stanley

Morgan Stanley assumed coverage of Aegon (AEG) with an Overweight rating and EUR 6.90 price target Despite offering the lowest free cash flow yield among the Dutch names, a recent commitment to reducing cash buffers at the parent by the end of 2026 suggests scope for up to 24% cumulative shareholder distribution yields over the next couple of years, the analyst tells investors in a research note.