Aegon upgraded to Buy from Neutral at UBS

UBS upgraded Aegon (AEG) to Buy from Neutral with a price target of EUR 6.55, down from EUR 6.65. The firm expects Aegon to continue to execute share buybacks over the long-term, leading to a 9% fiscal 2025 all-in yield, above the sector average. UBS also sees near-term potential for a special share buyback at the Q3 results.