In the wake of the company's annual results, Oddo BHF reiterates its 'neutral' position on Generali, believing that 'other stocks within the sector (including AXA) offer greater upside potential', but raises its price target from 22 to 23.5 euros.

The research department explains that it is taking into account the Italian insurance company's good operating momentum, which at the end of January unsurprisingly confirmed all the financial objectives of its strategic plan for 2024.

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