Morgan Stanley Upgrades Price Target for Prudential Financial, Inc. (PRU) on Cat Bond Surge and Clean Energy Deal

Morgan Stanley analyst Nigel Dally upgraded the price target for Prudential Financial, Inc. (NYSE:PRU) from $108 to $117 on May 19, 2025.

A financial advisor is sitting with a customer in a living room discussing their financial future.

On May 15, 2025, Hedge Fund Fermat Capital Management forecasted in Bloomberg Law a 20% growth in the market for catastrophe bonds before the end of 2025. Subsequently, the outlook for financial companies dealing with insurance packages went up. One of the chief beneficiaries was Prudential Financial, Inc. (NYSE:PRU).

On the same day, PGIM Private Capital, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE:PRU), entered into a $175 million long-term partnership with Solar Landscape, one of the U.S.’s leading commercial rooftop developers. The partnership aims to financially support the increasing portfolio of Solar Landscape’s projects, which feed electricity directly into the distributed grid. The company primarily intends to cover Maryland and Illinois.

Following these announcements, the company’s insider transactions also went up. Notably, the company’s directors including Scovanner Douglas A, Poon Christine A, Todman Michael increased their stakes in the company, bringing the insider transaction to 476.22%.

Prudential Financial, Inc. (NYSE: PRU), headquartered in New Jersey, has been serving clients for over 149 years since its founding in 1875. Backed by strong growth potential and a stable core performance, Morgan Stanley anticipates Prudential Financial’s recovery in the second half of 2025.

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Disclosure: None.