By Michele Maatouk
Date: Wednesday 13 Aug 2025
(Sharecast News) - JPMorgan Cazenove downgraded Legal & General on Wednesday to 'neutral' from 'overweight' and cut the price target to 275p from 290p on valuation, earnings outlook and competition risks.
The bank noted that L&G beat consensus operating profit in the first half and management raised guidance for back-book optimisation...
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