Information Provided By:
Fly News Breaks for November 5, 2019
Nov 5, 2019 | 17:06 EDT
Keefe Bruyette analyst Ryan Krueger downgraded Prudential to Market Perform from Outperform with a price target of $102, down from $107. To reflect softer business growth and lower individual annuity margins, the analyst further reduced his estimates for Prudential. He now forecasts an intermediate-term return on equity towards the low-end of the company's 12%-14% target and more in-line with peers. Prudential's interest rate sensitivity is greater than anticipated, says Krueger, who does not expect the company's cost save actions to meaningfully contribute until 2022.
News For PRU From the Last 2 Days
There are no results for your query PRU