Evercore ISI analyst Thomas Gallagher upgraded Prudential (PRU) to In Line from Underperform with a price target of $140, up from $117. The firm says the stock has lagged the broader sector recovery so far this year. While Evercore has been somewhat concerned that the next Prismic deal Prudential announces will be a more defensively oriented Japan internal risk transfer deal, it now thinks that most investors are prepared for that and have factored this into valuation.
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Read More on PRU:
- Prudential price target raised to $117 from $116 at Wells Fargo
- Prudential price target raised to $119 from $118 at Barclays
- Prudential Financial Reports Positive Q3 2024 Earnings
- Prudential Financial Reports Strong Q3 2024 Turnaround
- Prudential reports Q3 adjusted EPS $3.48, consensus $3.48
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