UBS Maintains Neutral on Principal Financial Group, Raises Price Target to $120
UBS analyst Michael Ward maintains Principal Financial Group (NASDAQ:PFG) with a Neutral and raises the price target from $98 to $120.
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UBS analyst Michael Ward maintains Principal Financial Group (NASDAQ:PFG) with a Neutral and raises the price target from $98 to $120.
Principal Financial rallied 6.5% to close at $118.51 on higher trading volume. The company is expected to report quarterly earnings of $2.53 per share (+20.5% YoY) and revenues of $4.29 billion (+10.2% YoY). However, consensus EPS estimates have been revised marginally lower over the past 30 days, and the stock carries a Zacks Rank #3 (Hold) rating, suggesting the recent strength may not be sustainable.
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