Jackson Financial price target raised to $47 from $37 at Evercore ISI

Evercore ISI raised the firm’s price target on Jackson Financial to $47 from $37 and keeps an In Line rating on the shares following what the firm calls “a solid capital generation and earnings quarter.” The firm sees Jackson having improved visibility on getting a permitted practice to allow for greater economic hedging and notes they expect to receive resolution on this issue in early 2024.