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Prudential’s Price Target Lowered at FBR Capital (PRU)

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.

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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