RBC Capital analyst Mandeep Jagpal downgraded Legal & General to Sector Perform from Outperform with a price target of 245 GBp, down from 295 GBp. The firm says that given the lack of upcoming catalysts, and a valuation that is in line with the UK life peer group, it has less conviction on the shares from here.
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Read More on LGGNY:
- Legal & General downgraded to Hold from Buy at HSBC
- Legal & General price target lowered to 285 GBp from 330 GBp at JPMorgan
- Legal & General price target raised to 245 GBp from 238 GBp at Morgan Stanley
- Legal & General price target lowered to 275 GBp from 300 GBp at Deutsche Bank
- Legal & General price target lowered to 265 GBp from 289 GBp at Berenberg