Wells Fargo lowered the firm’s price target on Corebridge (CRBG) to $36 from $37 and keeps an Overweight rating on the shares. With guidance from most companies in Q4, the firm is generally reducing our EPS estimates as guides were in-line to below consensus expectations for most companies. Wells is also rolling valuation methodologies to 2027 EPS and rolling out new 2028E EPS estimates for companies.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRBG:
- Corebridge Announces $750 Million Share Repurchase from AIG
- Corebridge Financial Earnings Call Highlights Growth, Derisking
- Corebridge price target lowered to $37 from $38 at Evercore ISI
- Corebridge price target lowered to $34 from $35 at Barclays
- Corebridge reports Q4 adjusted EPS $1.22, consensus $1.11