Keefe, Bruyette & Woods Upgrades Principal Finl Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keefe, Bruyette & Woods upgraded its rating of Principal Financial Group (NASDAQ:PFG) to Market Perform with a price target of $75.00, down from $77.00. Shares of PFG are trading up 0.49% over the last 24 hours, at $71.17 per share.
June 09, 2023 | 5:02 pm
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Principal Financial Group's rating has been upgraded to Market Perform by Keefe, Bruyette & Woods, with a new price target of $75.00, down from $77.00. Shares are trading up 0.49% at $71.17.
The upgrade to Market Perform by Keefe, Bruyette & Woods indicates a positive outlook for Principal Financial Group. Although the price target has been lowered from $77.00 to $75.00, it still represents a 5.37% increase from the current share price. This news is likely to have a positive short-term impact on PFG's stock price, as investors may view the upgrade as a sign of the company's improving prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100