BofA analyst Joshua Shanker raised the firm’s price target on Principal Financial (PFG) to $92 from $89 and keeps a Neutral rating on the shares. The firm is updating its price targets for U.S. Insurance companies under its coverage, the analyst tells investors. Q3 turned out to be a “relatively calm” season without any hurricanes making landfall in the U.S. and, while 1H saw elevated levels of macro uncertainties, this did not translate to material adverse impact on earnings, the firm says.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFG:
- Principal Financial price target raised to $94 from $92 at Evercore ISI
- Principal Financial price target raised to $90 from $88 at Keefe Bruyette
- Principal Financial price target raised to $83 from $80 at Barclays
- Principal Financial price target raised to $80 from $77 at Morgan Stanley
- Principal Financial, Barings partner on $1B portfolio finance initiative