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Fly News Breaks for May 13, 2019
May 13, 2019 | 07:22 EDT
UBS analyst John Nadel downgraded Prudential to Neutral and lowered his price target to $112 from $116. The analyst sees the risk/reward on the shares as "more balanced", with its increasingly more diversified business model "working against" the stock by not generating "enhanced" returns relative to its peers.