RBC Capital raised the firm’s price target on Principal Financial to $83 from $75 and keeps a Sector Perform rating on the shares. The company reported a “solid” finish to its 2023 with RIS and Principal Asset Management – International leading the, though flow trends remained weak with outflows in key areas, the analyst tells investors in a research note.
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Read More on PFG:
- Principal Financial price target raised to $86 from $84 at BofA
- Principal Financial backs long-term financial targets
- Principal Financial sees FY24 EPS growth of 9%-12%
- Principal Financial raises quarterly dividend to 69c from 67c per share
- Principal Financial announces new repurchase authorization for $1.5B
