Prudential price target raised to $105 from $99 at Piper Sandler

Piper Sandler analyst John Barnidge raised the firm’s price target on Prudential (PRU) to $105 from $99 and keeps a Neutral rating on the shares. The firm notes Prudential reported a strong beat versus Piper’s estimates and consensus driven by overall strong growth year-over-year. There was a large pension risk transfer, partially driving the beat of $1.4B in Q1 2026, compared to 0c in Q1 2025. While Corporate and Other were considered a beat versus its estimate.