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Stock impact report

Corebridge Financial Inc. (CRBG) Posts Strong Q3; Evercore Maintains Outperform Rating with Slight Price Target Trim [Yahoo! Finance]

Corebridge Financial Inc. (CRBG) 
Company Research Source: Yahoo! Finance
reduced its price target for Corebridge Financial Inc. (NYSE:CRBG) from $38 to $37. The firm maintained its Outperform rating. The quarter was solid, but EPS estimates for Q4 and 2026 were lowered. The revision reflects expected Fed rate cuts, macroeconomic pressures, and share repurchases at current valuations. Corebridge Financial Inc. (CRBG) Posts Strong Q3; Evercore Maintains Outperform Rating with Slight Price Target Trim Corebridge Financial Inc. reported its third-quarter results on November 4, showing a mixed performance. While earnings per share came in at $0.96, below the $1.10 estimate, revenue reached $5.63 billion, beating forecasts by a wide margin of 15.61%. The shortfall in earnings, despite strong top-line growth, pointed to possible cost pressures or operational inefficiencies. The company's revenue strength was largely driven by demand for annuity products and pension risk transfer deals. Looking ahead, Corebridge expects steady growth in spread income and aim Show less Read more
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