Barclays Initiates Coverage On Principal Finl Gr with Underweight Rating, Announces Price Target of $74
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Alex Scott has initiated coverage on Principal Financial Group (NASDAQ:PFG) with an Underweight rating and set a price target of $74.
September 04, 2024 | 11:02 pm
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Barclays has initiated coverage on Principal Financial Group with an Underweight rating and a price target of $74, suggesting potential downside.
The Underweight rating from Barclays suggests that the analyst expects PFG to underperform relative to the market or its peers. The price target of $74 indicates a potential downside from current levels, which could lead to negative sentiment and pressure on the stock price in the short term.
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