Nieuws Binnenland

CORRECT: MARKET TALK: Morgan Stanley Ups Aegon To Overweight

Vrijdag 26 juni 2009 08:09 ("MARKET TALK: Morgan Stanley Upgrades Aegon To Overweight" published at 0600 GMT misstated the bank's note on the embedded value of the stock. The correct version follows:)
0609 GMT [Dow Jones] Morgan Stanley upgrades Aegon (AEG) to overweight from underweight and raises target price to EUR6.50 from EUR6. Bank sees credit market improvement, manageable credit losses and good progress in capital release as potential catalysts for the rest of 09. Reckons Aegon's credit losses may be lower than the market thinks and there is a strong chance it can redeem the EUR1B State-aid on preferential terms without a rights issue. The bank adds that the stock looks inexpensive on embedded value basis. Shares closed Thursday at EUR4.13. (MVT)
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