Legal & General is trading 4.4% down at £297.50 after Citi downgraded the shares to sell from neutral on August 10, 2026, citing valuation concerns.
- Citi cut its price target to 245p from 251p and noted the stock had risen 19% year to date.
- The broader market was only modestly weaker, and the decline follows recent gains after strong half-year results, suggesting profit-taking and valuation pressure amplified the reaction.