UBS cut its price target and sharply slashed earnings forecasts for Legal & General, arguing the insurer's finances are weaker than they look versus rival Aviva. UBS warned L&G's dividend yield, approaching ~10%, may come with 'strings attached', raising concerns about dividend sustainability and likely pressuring the stock.
UBS cut its price target and sharply slashed earnings forecasts for Legal & General, arguing the insurer's finances are weaker than they look versus rival Aviva. UBS warned L&G's dividend yield, approaching ~10%, may come with 'strings attached', raising concerns about dividend sustainability and likely pressuring the stock.
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strongly negative
Sentiment Score
-0.60
Ticker Sentiment
