Stock falls 1.50% (Il Sole 24 Ore Radiocor) - Milan , 09 Jul - Generali shares were lower in Milan trade, after Jefferies cut its second quarter forecasts for the Italian insurer.

At 0820 GMT, Generali shares were down 1.50% to 23.57 euros, underperforming the benchmark FTSE MIB index, which was 0.12% lower at 34,006.30 points.

Jefferies analysts say they concerned about insurance losses tied to recent natural catastrophes as well as potential pressures on life insurance sectors.

Jefferies also cut its target price to 22 euros from a previous 22.5. However, its forecasts for the dividend yield allow it to maintain a "hold" recommendation on the stock.

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(RADIOCOR) 09-07-24 10:23:24 (0221) 5 NNNN