Prudential price target raised to $134 from $128 at Barclays

Barclays analyst Alex Scott raised the firm’s price target on Prudential (PRU) to $134 from $128 and keeps an Equal Weight rating on the shares post the Q4 report. Prudential’s results come in below our expectations as Retirement Strategies and Gibraltar were weak, but its intermediate term financial targets point to better earnings growth, the analyst tells investors in a research note.