Morgan Stanley lowered the firm’s price target on Jackson Financial (JXN) to $68 from $92 and keeps an Equal Weight rating on the shares. On average across the firm’s life insurance coverage, Q1 EPS estimates declined 3% from prior estimates and its 2025 EPS estimates declined 4% from prior estimates, though results vary across companies, notes the analyst in a preview for the group. For underwriting-oriented companies that should not be as sensitive to equity market fluctuations, the firm’s estimates generally did not change as much, but it still moved underwriter estimates down as they likely face an incrementally more challenging operating environment, the analyst noted.
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Read More on JXN:
- Jackson Financial price target lowered to $90 from $105 at Keefe Bruyette
- Jackson Financial price target raised to $105 from $103 at Keefe Bruyette
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- Balancing Strengths and Challenges: Hold Rating for Jackson Financial Amid Segment Performance Variances
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