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Stock impact report

Analysts Lower Their Price Targets on Corebridge Financial (CRBG) Stock [Yahoo! Finance]

Corebridge Financial Inc. (CRBG) 
Company Research Source: Yahoo! Finance
On March 11, Alex Scott of Barclays lowered his price target from $34 to $33, while a day earlier, TD Cowen's Daniel Bergman reduced the price target from $38 to $35. Corebridge Financial, Inc. (CRBG): Among Small Cap Financial Stocks Hedge Funds Are Buying Bob Huang at Morgan Stanley also lowered the firm's price target on Corebridge Financial Inc. (NYSE:CRBG) from $35 to $32 on March 3. However, the analyst maintained an Equal Weight rating on the shares. The analyst highlighted that the sector's revised outlook reflects both recent trends and updated assumptions affecting these companies. The firm sees life insurers' exposure to private credit as manageable; it pointed out that valuation pressures may persist across the broader industry. This suggests that investors may still face challenges despite the limited credit-related risks. Earlier, on February 25, Wells Fargo also lowered its price target on Corebridge Financial Inc. (NYSE:CRBG) from $37 to $36 while reiterating an Show less Read more
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