Piper Sandler raised the firm’s price target on Corebridge to $34 from $30 and keeps an Overweight rating on the shares. ahead of the Q1 report. There is near-term volatility to life insurance company earnings from variable investment income headwinds and commentary around spread income peaking, but valuations “are generally not screening as overly optimistic,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRBG:
- Corebridge Financial put volume heavy and directionally bearish
- Corebridge Appoints Deborah Leone to Board of Directors
- Corebridge price target raised to $34 from $33 at BofA
- AIG downgraded to Neutral from Buy at BofA
- A New Cause for Concern: Corebridge Financial, Inc. Adds a New Accounting & Financial Operations Risk