Goldman Sachs Maintains Buy Rating for Corebridge Financial: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has reaffirmed its Buy rating on Corebridge Financial (NYSE:CRBG) and increased its price target from $27.00 to $31.00. Corebridge Financial's stock is currently trading at $23.47, and the new price target suggests a potential upside of 32.08%. Corebridge Financial offers retirement solutions and insurance products in the U.S. through various segments.
January 09, 2024 | 5:00 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Corebridge Financial and raises the price target to $31, indicating a significant potential upside from the current price.
The reaffirmation of a Buy rating and an increased price target by a reputable investment bank like Goldman Sachs typically instills confidence in investors and can lead to a positive short-term price movement, especially when the new target suggests a substantial upside.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100