JPMorgan upgraded Ageas (AGESY) to Overweight from Neutral with a price target of EUR 65, up from EUR 55. The European insurers outperformed in 2024, suggesting lower upside potential in 2025, the analyst tells investors in a research note.. However, the firm still sees reasons to remain positive given earnings upgrades and resilience during a period of uncertainty. It adjusted ratings as of a 2025 preview for the European insurance sector.
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