Morgan Stanley Maintains Underweight on Principal Finl Gr, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Nigel Dally has maintained an Underweight rating on Principal Financial Group (PFG) but increased the price target from $71 to $72.
November 15, 2023 | 2:45 pm
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NEUTRAL IMPACT
Morgan Stanley's analyst has reaffirmed an Underweight rating on PFG but raised the price target slightly from $71 to $72.
While the price target increase is positive, the Underweight rating suggests that Morgan Stanley does not expect PFG to outperform the market or its sector in the short term. The slight increase in the price target may not be significant enough to impact the stock price substantially.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100