Berenberg initiates on Aviva with 'buy' rating, sees 36% total return

Berenberg initiated Aviva PLC with a buy rating and an 800p price target, citing a rare combination of near double-digit yield and mid-single-digit total return growth. The note argues the market is undervaluing Aviva's income and growth profile. This is supportive for the stock but is primarily analyst commentary rather than a fundamental company update.

Analysis

Berenberg initiated Aviva PLC with a buy rating and an 800p price target, citing a rare combination of near double-digit yield and mid-single-digit total return growth. The note argues the market is undervaluing Aviva's income and growth profile. This is supportive for the stock but is primarily analyst commentary rather than a fundamental company update.