Wells Fargo Maintains Underweight on Prudential Financial, Raises Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Underweight rating on Prudential Financial (PRU) and raises the price target from $100 to $106.

April 11, 2024 | 2:23 pm
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Wells Fargo maintains an Underweight rating on Prudential Financial but raises the price target from $100 to $106.
The adjustment in price target by Wells Fargo suggests a nuanced view on Prudential Financial's stock. While the Underweight rating indicates skepticism about the company's stock performance relative to the market or its sector, the increase in price target implies a positive adjustment to the company's valuation outlook. This could lead to mixed reactions in the short term, as investors weigh the negative rating against the improved price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100