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Fly News Breaks for January 8, 2019
PRU
Jan 8, 2019 | 06:03 EDT
Wells Fargo analyst Elyse Greenspan resumed coverage of Prudential with an Outperform rating and $105 price target. The analyst sees the company as a franchise name among global life insurers given its "dominant market position" in the large-case pension risk transfer business and diversified business mix. Further, the analyst views Prudential as undervalued relative to peers following the recent selloff in shares since the end of September.
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