BofA raised the firm’s price target on Corebridge (CRBG) to $35 from $34 and keeps a Buy rating on the shares. The firm’s 2025 EPS forecast falls 2.8% after weaker variable investment income in Q1 led EPS to miss the firm’s forecast of $1.20, but slightly beat Street consensus of $1.14. In addition, the firm’s forward-year forecasts decline 3.2% and 4.3% due to lower investment yields and lower assets, but its price objective rises $1 due to peer group multiple expansion.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRBG:
- Corebridge Financial, Inc.: Strong Growth Potential and Shareholder Value Despite Challenges
- Corebridge price target raised to $38 from $36 at Barclays
- Corebridge reports Q1 operating EPS $1.16, consensus $1.13
- CRBG Upcoming Earnings Report: What to Expect?
- Corebridge price target lowered to $36 from $37 at Barclays