Corebridge price target raised to $40 from $39 at BofA

BofA analyst Joshua Shanker raised the firm’s price target on Corebridge (CRBG) to $40 from $39 and keeps a Buy rating on the shares. After Corebridge’s Q3 result came in line with the firm’s forecast excluding the company’s annual actuarial review, the firm notes that its out-year EPS forecasts rise 3%-4% on a lower share count and larger asset base.