Corebridge price target lowered to $37 from $43 at Wells Fargo

Wells Fargo lowered the firm’s price target on Corebridge (CRBG) to $37 from $43 and keeps an Overweight rating on the shares. Into quarterly results for the insurance space, the firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/capital/guidance for life companies.