Evercore ISI Group Maintains Underperform on Prudential Financial, Raises Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Thomas Gallagher maintains an Underperform rating on Prudential Financial (PRU) and raises the price target from $115 to $116.

April 25, 2024 | 2:19 pm
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Evercore ISI Group maintains an Underperform rating on Prudential Financial, with a price target increase from $115 to $116.
The slight increase in the price target from $115 to $116 by Evercore ISI Group suggests a marginal improvement in the outlook for Prudential Financial. However, the maintenance of an Underperform rating indicates that the analyst still views the stock negatively in the short term. This mixed signal could lead to neutral market reaction in the short term, as the increase in price target might be seen as a positive, but the overall negative rating tempers expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100