Allianz (AZSEY) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Allianz (OTCMKTS:AZSEY) from a hold rating to a buy rating in a research report report published on Friday morning. They currently have $26.00 target price on the financial services provider’s stock.
According to Zacks, “Allianz AG’s principal activities are carried out through four divisions: Life/Health: Provides any of life and heath insurances; Property/Casualty: Provides property and casualty insurance, travel insurance and credit insurance; Banking: Provides a range of banking services, including lending, deposit taking, investment banking; Asset Management: Asset Management for third party investor and Asset under Management which cover the owners investments. “
AZSEY has been the topic of several other research reports. Barclays reissued a sell rating on shares of Allianz in a research report on Monday, November 6th. Citigroup reissued a neutral rating on shares of Allianz in a research report on Monday, November 13th. ValuEngine raised Allianz from a buy rating to a strong-buy rating in a research report on Tuesday, September 26th. Royal Bank of Canada reissued a neutral rating on shares of Allianz in a research report on Monday, November 6th. Finally, Societe Generale raised Allianz from a sell rating to a hold rating in a research report on Thursday, September 14th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $26.00.
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Allianz SE is a financial service company. The Company is the holding company of the Allianz Group (Allianz SE and its subsidiaries). The Company’s segments include Property-Casualty, Life/Health, Asset Management, and Corporate and Other. The Company provides a range of reinsurance coverage, primarily to Allianz insurance entities, as well as to third-party customers.
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