Morgan Stanley Maintains Equal-Weight on Principal Finl Gr, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Bob Huang maintains an Equal-Weight rating on Principal Financial Group (NASDAQ:PFG) and lowers the price target from $85 to $83.
August 19, 2024 | 5:14 pm
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Morgan Stanley has maintained its Equal-Weight rating on Principal Financial Group but has lowered the price target from $85 to $83, indicating a slightly less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a slightly less optimistic view on PFG's future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100