Prudential plc price target lowered to 1,390 GBp from 1,400 GBp at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Prudential plc to 1,390 GBp from 1,400 GBp and keeps a Buy rating on the shares. The firm believes double-digit growth is not recognized in the share price. Whilst Deutsche acknowledges that, in the short term, it is a difficult name to trade, it highlights the long-term potential from sustainable double-digit growth in sales and earnings.