Bank of America Cuts Prudential (PRU) Target; Mizuho Also Lowers PT, Stays Neutral

Prudential Financial, Inc. (NYSE:PRU) is included among the 14 Value Stocks with Highest Dividends.

Bank of America Cuts Prudential (PRU) Target; Mizuho Also Lowers PT, Stays Neutral

On April 14, Bank of America lowered its price recommendation on Prudential Financial, Inc. (NYSE:PRU) to $104 from $112. It reiterated a Neutral rating on the shares. The firm said the change reflects recent Q4 developments and updates to peer multiples across its US insurance coverage.

On April 13, Mizuho Financial Group lowered its price goal on Prudential to $101 from $113 and maintained a Neutral rating. The firm updated its estimates and targets across its North America insurance coverage and remained most constructive on brokers. It expects some easing in commercial pricing pressure among property and casualty insurers, and believes the setup for life insurers is “the most challenging.”

Prudential Financial, Inc. (NYSE:PRU) is a financial services provider and global investment manager. It offers life insurance, annuities, retirement-related products and services, mutual funds, and investment management. These products are provided to individual and institutional customers through its own and third-party distribution networks.

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