BofA raised the firm’s price target on Principal Financial (PFG) to $98 from $97 and keeps a Neutral rating on the shares. The firm’s forward EPS estimates fall from lower forecasts for fees and other revenues, but its price target rises on a higher peer multiple, the analyst tells investors in a post-earnings note.
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Read More on PFG:
- Principal Financial price target raised to $87 from $85 at Barclays
- Principal Financial reports Q1 EPS $2.17, consensus $2.01
- Principal Financial raises quarterly dividend to 82c per share from 80c
- Principal Financial price target raised to $85 from $84 at Barclays
- PFG Earnings Report this Week: Is It a Buy, Ahead of Earnings?