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Fly News Breaks for October 7, 2016
PFG
Oct 7, 2016 | 06:55 EDT
Credit Suisse analyst John Nadel initiated Principal Financial with an Underperform and a $53 price target due to relative valuation, ongoing fee pressures in the 401k market as well as DOL-induced pressure on asset managers ,and potential for pension reform efforts to significantly alter the margin and return profile of its sizeable operations in Chile.
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