Morgan Stanley Maintains Underweight on Principal Finl Gr, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Nigel Dally has maintained an 'Underweight' rating on Principal Financial Group (NASDAQ:PFG), while raising the price target from $70 to $71.
October 27, 2023 | 1:39 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an 'Underweight' rating on Principal Financial Group, indicating a negative outlook. However, the price target has been raised from $70 to $71.
The 'Underweight' rating suggests that Morgan Stanley expects PFG's stock to underperform compared to other stocks. However, the increase in price target indicates a slightly improved outlook for the stock. This could lead to short-term negative pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100