Mapfre upgraded to Equal Weight from Underweight at Barclays

Barclays analyst Alessia Magni upgraded Mapfre (MPFRF) to Equal Weight from Underweight with a price target of EUR 3.50, up from EUR 2.30. The firm turned more positive on Iberia and on motor in particular as it is “finally starting to see sustainable margins improvement.” The analyst also expects Brazil and other Latin America countries “to continue to deliver.”