Wolfe Research initiated coverage of Corebridge (CRBG) with a Peer Perform rating and fair value range of $28-$39. The firm appreciates the company’s “strong” free cash flow yields but views the stock’s valuation as fair at current levels. Wolfe sees no near-term catalyst for Corebridge shares.
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Read More on CRBG:
- Corebridge price target lowered to $38 from $39 at Evercore ISI
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