Jefferies analyst Suneet Kamath last night upgraded Principal Financial to Hold from Underperform with a price target of $65, up from $60. The company’s commercial real estate exposure is more conservative than average and its shares have de-rated from their recent peak, the analyst tells investors in a research note. The firm also sees “fairly negative sell-side sentiment” on Principal Financial.
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Read More on PFG:
- Principal Financial upgraded to Hold from Underperform at Jefferies
- Principal Financial price target lowered to $83 from $88 at RBC Capital
- Principal Financial downgraded to Neutral from Buy at BofA
- Principal Financial reports Q1 EPS $1.48, consensus $1.51
- Principal Financial initiated with an Equal Weight at Wells Fargo