MS adjusts views on Dutch insurance, with ASR top pick and Aegon over NN Group
** Morgan Stanley adjusts its views on Dutch insurance companies in a market it sees as a "conundrum"
** It names ASR Nederland ASRNL.AS ("overweight") as its top pick, saying it remains the "standout quality play among the Dutch players" with a 50% total shareholder return on a three-year view
** MS says Aegon AEGN.AS should benefit from a more optimistic near-term outlook in the U.S. vs Europe; it upgrades the stock to "overweight" from "equal-weight" and raises PT to 6.90 euros from 5.91 euros
** Conversely, NN Group's NN.AS solvency is coming under even more scrutiny from recent market moves, it says; it cuts the stock to "equal-weight" from "overweight" but raises PT to 50 euros from 47.80 euros
Reporting by Johan Bodinier
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