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Fly News Breaks for November 16, 2018
PRU
Nov 16, 2018 | 07:15 EDT
Citi analyst Suneet Kamath opened at Positive Catalyst Watch on Prudential saying he expects a "constructive" 2019 outlook call from the company on December 6. He expects Prudential to raise its near-to-intermediate term return on equity target to 13%-14% from 12%-13% and offer 2019 operating earnings per share guidance of $12.85-$13.35. Prudential trades at ~20% discounts to absolute and relative price-to-earnings ratios ahead of prior outlook calls, Kamath tells investors in a research note. He keeps a Buy rating on the shares.
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