Wells Fargo raised the firm’s price target on Corebridge (CRBG) to $37 from $35 and keeps an Overweight rating on the shares. The firm notes shares traded up on better-than-expected spread income in the quarter, which more than overshadowed macro sensitivity and weaker Q2 guide on alts.
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Read More on CRBG:
- Corebridge price target raised to $39 from $37 at Keefe Bruyette
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- Corebridge price target raised to $35 from $34 at BofA
- Corebridge Financial, Inc.: Strong Growth Potential and Shareholder Value Despite Challenges
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