Goldman Sachs downgraded Legal & General to Neutral from Buy with an unchanged price target of 249 GBp. Capital return expectations have been reset and the firm sees potential for greater competition in the UK bulk annuity space from new entrants, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LGGNY: