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Report published August 13, 2026

Europe Equity Research: J.P. Morgan Daily Update - August 13, 2026

Source and citation context

Report date
August 13, 2026
Analysis as of
Not stated in source

Authors / editors: Farooq Hanif (Analyst), David Adlington (Analyst), Elodie Rall (Analyst)

Finvaulta summarizes J.P. Morgan's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Daily UpdateEquitiesFinancialsHealth Care

This report details upgrades and downgrades for UK life insurers, specifically highlighting an upgrade for Aviva to Overweight and downgrades for L&G and M&G.

Key Takeaways

  • 1.Aviva upgraded to Overweight (OW) due to attractive relative upside potential, supported by superior economic OCG (operational capital generation) and dividend cover compared to peers.
  • 2.Legal & General and M&G downgraded to Underweight (UW) citing concerns over competition and weaker margins in the UK Pension Risk Transfer (PRT) market.

Table of Contents

  • Today's Morning Meeting
  • Also Published Today
  • Company Research
  • Sector Research
  • European Food Retail
  • In Case You Missed It... Trending in the Last Month
  • Key Changes
  • EPS Estimate Changes
  • JPM Events
  • Conferences
  • Upcoming Earnings

Report data

Rating Changes

MetricEstimateContext
Aviva Price Target800 GBpNew Price Target
Source: J.P. Morgan estimates. This is a dated model snapshot, not a live forecast.

Reports in this series

Today's Morning Meeting is shown in chronological order through this edition, published on August 13, 2026.

Part of the Today's Morning Meeting series — view all 8 editions

  1. May 12JPM Today’s Morning Meeting
  2. May 13JPM Today’s Morning Meeting
  3. May 18JPM Today's Morning Meeting
  4. May 19JPM Today’s Morning Meeting
  5. May 21JPM Today’s Morning Meeting
  6. Jun 1JPM Today’s Morning Meeting Europe
  7. Aug 11JPM Europe Equity Research | Today’s Morning Meeting

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Authors / Editors

Farooq Hanif · AnalystDavid Adlington · AnalystElodie Rall · Analyst

Reported Data Context

  • Aviva Price Target: 800 GBp · Source: J.P. Morgan estimates

Securities

AV.Legal & General Group PLC

Themes

Relative Value in UK Life InsuranceSolvency II Capital Generation

Regions

EuropeUnited KingdomDenmark