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Investing.com - Deutsche Bank has resumed coverage of Banca Generali SpA (MIL:BGN) with a Buy rating and set a price target of EUR61.00.
The bank’s decision is driven by Banca Generali’s sensitivity to interest rates, new strategic initiatives, and potential opportunities from sector consolidation, according to Deutsche Bank’s research note.
Deutsche Bank noted that despite uncertainties related to mergers and acquisitions, Banca Generali’s commercial performance remains robust and may improve further.
The research highlighted the deeper collaboration between Banca Generali and Assicurazioni Generali as a company-specific growth driver, with the partnership aiming to expand banking-product distribution and strengthen the Financial Planning Agent model.
Deutsche Bank also pointed to cross-selling potential in the sector, noting that insurance agents currently hold less than 20% of household financial wealth.
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