Barclays lowered the firm’s price target on Principal Financial (PFG) to $76 from $80 and keeps an Underweight rating on the shares as part of a Q1 earnings preview for the insurance group. With life earnings facing challenges Barclays favors group benefits, excess capital, and “cheap” cash flows, the analyst tells investors in a research note. The firm says the sector is “navigating uncertainty.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFG:
- Principal Financial price target lowered to $65 from $77 at Morgan Stanley
- Principal Financial price target lowered to $68 from $74 at Wells Fargo
- Principal Financial assumed with a Neutral at UBS
- Principal Financial price target raised to $95 from $93 at Piper Sandler
- Principal Financial price target raised to $74 from $69 at Wells Fargo