Jefferies reiterates its buy recommendation on the stock and leaves its target price unchanged at 525p.

The analyst believes that Aviva is moving up a gear. We are updating our estimates following Aviva's positive results for fiscal 2023. The new forecasts for 2026 are quite achievable in our opinion, and take into account recent consumer law rules and lower interest rates ' says the analyst firm.

Capital remains solid, with a total return of 10.5% to 2024 (which is higher than its peers)' adds Jefferies.

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