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Stock impact report

Is Prudential Financial (PRU) A Buy Despite The Downward Target Price Revision? [Yahoo! Finance]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Yahoo! Finance
a Hold rating on Prudential Financial, Inc. (NYSE:PRU) while revising the firm's price target. The analyst reduced the price target from $113 to $105. According to Kligerman, the firm updated its financial model following the company's fourth-quarter results, prompting an adjustment to its valuation outlook. Barclays Updates Life Insurance Coverage, Lowers Prudential Financial (PRU) Target Before TD Cowen's update, Morgan Stanley had also lowered its price target on Prudential Financial, Inc. (NYSE:PRU) from $120 to $111 while maintaining an Equal Weight rating. The downward-adjusted price target implies a further 17% upside from current levels, which is close to the median Wall Street analyst upside estimate among 19 analysts covering the stock. The firm said that this price target revision was part of a broader update to its price targets for North America life and annuity insurers under its coverage. Morgan Stanley pointed out that it does not view private credit exposure as Show less Read more
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