BUZZ-Old Mutual: Bernstein raises rating ahead of company break-up
** Bernstein raises Anglo-South African financial services group to "outperform", saying value is set to crystallise with the imminent break-up of the group
** Managed break-up is due to complete by end-2018, with separate listings for Old Mutual Wealth (OMW) and Old Mutual (Other OTC: ODMUF - news) Limited (OML) potentially taking place as early as H1, the broker's note says
** "We think the imminent separate listings of OMW (Quilter) and OML could spur "natural" owners of these businesses -– so far wary of macro or other risks -– to buy the shares"
** The broker sets price target at 290p, implying 24 pct upside to current price