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Investing.com - Berenberg raised its price target on Talanx (TLX:GR) (OTC:TNXXF) to EUR138.00 from EUR125.00 while maintaining a Buy rating on the German insurance company.
The price target increase follows Talanx’s second-quarter net profit of EUR770 million, which exceeded consensus estimates of EUR678 million.
Talanx has raised its full-year 2025 net profit guidance from over EUR2.1 billion to approximately EUR2.3 billion, and increased its return on equity guidance from approximately 17% to 18%.
Berenberg has lifted its fiscal year 2025 net profit forecast for Talanx to EUR2.4 billion, reflecting both the company’s new guidance and its track record of exceeding guidance.
The research firm also raised its dividend per share forecast for Talanx from EUR3.30 to EUR3.50.
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