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NN Group downgraded to Hold from Buy at Deutsche Bank

NN Group downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Rhea Shah downgraded NN Group (NNGRY) to Hold from Buy with a price target of EUR 580, up from EUR 570. The firm sees an environment for a stronger relative performance for the European insurers in 2025, supported by resilient balance sheets and a focus on diversified growth. This can be seen through the sector’s dividend-bond yield spread, which should create a source of alpha for the insurers in 2025, the analyst tells investors in a research note.

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