Morgan Stanley Maintains Underweight on Principal Finl Gr, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Nigel Dally maintains an Underweight rating on Principal Financial Group (NASDAQ:PFG) and lowers the price target from $72 to $70.
June 02, 2023 | 12:00 pm
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Morgan Stanley analyst Nigel Dally maintains an Underweight rating on Principal Financial Group (NASDAQ:PFG) and lowers the price target from $72 to $70.
The lowered price target from $72 to $70 by Morgan Stanley analyst Nigel Dally indicates a bearish outlook on Principal Financial Group (NASDAQ:PFG). This news is likely to have a negative impact on the stock price in the short term as it suggests that the analyst believes the stock is overvalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100