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<Research>Jefferies Raises TPs on PICC GROUP (01339.HK), PICC P&C (02328.HK) w/ Ratings Buy
Recommend 18 Positive 36 Negative 14 |
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While Jefferies had a positive view on PICC GROUP (01339.HK) and PICC P&C (02328.HK), its forecasts for the above 2 stocks were slightly lower than the market's prior expectations, mainly due to Jefferies' more conservative forecasts for their investment income and assumed higher losses from natural catastrophe services, Jefferies released a research report saying. PICC GROUP and PICC P&C are its top picks among Chinese insurers, both with rating at Buy, Jefferies added. Jefferies raised its target prices on PICC P&C/ PICC GROUP from $12 / $3.5 to $13/ $4.2. AAStocks Financial News |
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