Insurance and financial services provider Prudential Financial, Inc. ( PRU ) on Tuesday saw its price target cut by analysts at FBR Capital Markets.
The firm said it now expects PRU shares to reach $66, still suggesting a massive 33% upside to the stock's Monday closing price of $49.56.
FBR Capital maintained its "Outperform" rating on PRU, but noted the company's results are being hampered by historically-low interest rates.
Prudential shares were mostly flat in premarket trading Tuesday.
The Bottom Line
Shares of Prudential Financial ( PRU ) have a 2.32% dividend yield, based on last night's closing stock price of $49.56. The stock has technical support in the $45-$46 price area. If the shares can firm up, we see overhead resistance around the $55 price level.
Prudential Financial, Inc. ( PRU ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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