Barclays raised the firm’s price target on Prudential (PRU) to $128 from $127 and keeps an Equal Weight rating on the shares. Prudential announced its second reinsurance transaction with Prismic Life consisting of $7B of Japanese whole life insurance policies , the analyst tells investors in a research note.
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Read More on PRU:
- Prudential Financial Reinsures $7 Billion Insurance Block
- Prudential initiated with an Underperform at BMO Capital
- 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