Corebridge initiated with a Buy at TD Cowen

TD Cowen initiated coverage of Corebridge with a Buy rating and $35 price target The firm has a mixed view of the life insurance sector, but names Corebridge as among its top picks in the space. While capital positions are “solid,” and valuations seem “reasonable,” the firm sees growth drivers as likely to moderate so it says investors will have to be selective to “win” in life insurance going forward.