Wells Fargo raised the firm’s price target on Principal Financial (PFG) to $85 from $74 and keeps an Underweight 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.
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Read More on PFG:
- Principal Financial price target raised to $92 from $88 at UBS
- Principal Financial price target raised to $85 from $82 at Barclays
- Principal Financial price target lowered to $88 from $89 at BofA
- Principal Financial downgraded to Neutral from Overweight at JPMorgan
- Principal Financial price target raised to $100 from $94 at Piper Sandler