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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

KBW downgrades Aviva to 'underperform'

Fri 10 Oct 2025 11:32

(Sharecast News) - KBW downgraded Aviva to 'underperform' on Friday, with an unchanged price target of 650p, which offers around 5% downside, after a strong run in the share price. "We are also swayed by what we believe are relatively elevated valuation multiples against the Big 5 peers even if we credit the group for a further 10% increase in earnings guidance against KBWe / consensus in the 13-Nov business plan update," it said.

"After a strong share price run that we think has been driven by consensus catching up with the Direct Line upside, we think the risk/reward is now poor as UK macro and UK motor fundamentals remain weak."

At 1130 BST, the shares were down 1.5% at 671.20p.

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