Piper Sandler analyst John Barnidge lowered the firm’s price target on Prudential (PRU) to $99 from $105 and keeps a Neutral rating on the shares. The firm notes the company announced that the 90-day sales suspension in Japan, discussed during the Q4 2025 earnings call for its POJ business unit, will be extended by an additional 180 days. Piper lowered its estimates to reflect the announced adjusted costs associated with remediation actions.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PRU:
- Prudential downgraded to Hold from Buy at Jefferies
- Closing Bell Movers: Capital One, Interactive Brokers slip after results
- Prudential raises FY26 estimated impact of POJ sales suspension to $525M-$575M
- Barclays downgrades Prudential to Underweight on ‘too many ‘headwinds’
- Prudential Extends Japan Life Unit Sales Suspension Review
