BMO Capital analyst Jack Matten initiated coverage of Prudential (PRU) with an Underperform rating and $101 price target Prudential’s free cash flow profile screens less attractive versus peers, including lower free cash flow conversion and a higher volatility track record, the analyst tells investors in a research note. The firm says that while the company’s management has shifted its business mix toward more capital-light lines of business, this will have limited near-term benefits on its free cash flow profile. BMO sees both upside and downside risks to Prudential’s free cash flow generation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 PRU:
- Prudential price target lowered to $127 from $129 at Barclays
- Prudential price target lowered to $129 from $135 at Keefe Bruyette
- Prudential price target lowered to $124 from $127 at Piper Sandler
- Prudential price target lowered to $113 from $115 at Wells Fargo
- Prudential Financial’s Strong Q4 Despite Income Revision