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Prudential’s Estimates Boosted at UBS; Sees Higher ROE (PRU)

Insurance and financial services provider Prudential Financial, Inc. ( PRU ) on Tuesday saw its earnings estimates boosted by analysts at UBS.

The firm said it raised its estimates for PRU through 2012, noting the company can continue to improve its return on equity.

UBS also maintained its "Buy" rating and $77 price target on PRU, which suggests a 29% upside to the stock's Monday closing price of $59.56.

Prudential shares were mostly flat in premarket trading Tuesday.

The Bottom Line

Shares of Prudential ( PRU ) have a 1.93% dividend yield, based on last night's closing stock price of $59.56. The stock has technical support in the $54-$58 price area. If the shares can firm up, we see overhead resistance around the $62-$64 price levels.

Prudential Financial, Inc. ( PRU ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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