Morgan Stanley Upgrades Principal Finl Gr to Equal-Weight, Announces $75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Bob Huang upgraded Principal Financial Group (PFG) from Underweight to Equal-Weight and set a price target of $75.

February 15, 2024 | 10:21 am
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Principal Financial Group was upgraded by Morgan Stanley from Underweight to Equal-Weight with a new price target of $75.
Upgrades by major financial institutions like Morgan Stanley can lead to increased investor confidence and potential stock price appreciation. The upgrade from Underweight to Equal-Weight suggests a more favorable outlook on PFG by the analysts, which could attract more investors. The set price target of $75 indicates a bullish view on the stock's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100