Barclays Maintains Equal-Weight on Principal Finl Gr, Lowers Price Target to $76
Portfolio Pulse from jenniferd'souza@benzinga.com
Barclays analyst Tracy Benguigui has maintained an Equal-Weight rating on Principal Financial Group (NASDAQ:PFG) and lowered the price target from $78 to $76.

July 31, 2023 | 10:54 am
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NEUTRAL IMPACT
Barclays has maintained an Equal-Weight rating on Principal Financial Group and lowered the price target from $78 to $76.
The news is directly about Principal Financial Group (PFG). Barclays' decision to maintain an Equal-Weight rating indicates a neutral outlook for the stock. However, the lowering of the price target could potentially have a negative impact, as it suggests that the analyst believes the stock is currently overvalued. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100