BofA analyst Joshua Shanker downgraded Principal Financial to Neutral from Buy with a price target of $78, down from $81. Principal’s Q1 results were below forecasts, with life insurance earnings notably worse than expectations due to higher claims experience, the analyst tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on PFG:
- Principal Financial reports Q1 EPS $1.48, consensus $1.51
- Principal Financial initiated with an Equal Weight at Wells Fargo
- PFG Earnings this Week: How Will it Perform?
- Principal Financial price target lowered to $75 from $92 at Barclays
- Principal Financial price target raised to $83 from $78 at JPMorgan
