Article From ii26 Oct 2023 08:51
"Todays note adds that Legal and General will be a stock to watch once Antonio Simoes takes over from Chief Executive Nigel Wilson at the start of next year.
Deutsche Bank speculates wether a new capital management approach could see the group tame it's bulk annuity growth expectations, instead deploying some of its excess capital to its investment management arm alongbgtrater returns to shareholders.
For now the bank retains it's "hold" recommendation on L&G buy with a 41% upside to it's price target of 290p and projectrd 2025 total capital return yield of 10.9 % "