Jackson Financial price target raised to $80 from $73 at Jefferies

Jefferies analyst Suneet Kamath raised the firm’s price target on Jackson Financial (JXN) to $80 from $73 and keeps a Hold rating on the shares. While the firm stays constructive on U.S. Life broadly, it feels certain relative value ideas make sense and prefers Brighthouse Financial (BHF) over Jackson as it argues that “the current valuation gap between the two is too extreme to ignore.”