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Fly News Breaks for September 3, 2015
PUK
Sep 3, 2015 | 08:00 EDT
Bernstein says that Prudential's stock has dropped this year, partly due to worries about Asian growth, the departure of its CEO. and regulatory worries. The firm expects the company's earnings in Asia to continue to grow at attractive rates, and it thinks that the concerns about regulatory changes are overdone,. The firm expects the company to generate annual total shareholder returns of 15%+ per year. It keeps an Outperform rating on the shares.
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