Barclays raised the firm’s price target on Principal Financial (PFG) to $85 from $82 and keeps an Underweight rating on the shares. The firm is “cautiously optimistic” on life insurers heading into 2026, saying capital strength, cash flow, and consolidation offset headwinds like spread compression and technology spend. Barclays adjusted ratings and price targets as part of its 2026 outlook.
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- Principal Financial price target lowered to $88 from $89 at BofA
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