1426 GMT - Further appreciation of ASR Nederland's shares is expected to be delayed by the Dutch pension reforms and the pending benefits from the Aegon NL integration, Citi says in a research note. "The shares are reasonably valued on [free cash flow] and [dividend yield] metrics and we think further upside will take time to deliver," the analysts write. Citi cuts ASR to neutral from buy but lifts its target price to 55.31 euros from 49.81 euros. Shares edge up 0.4% to 55.3 euros and have risen 21% since the start of the year. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
June 24, 2025 10:26 ET (14:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.