Barclays raised the firm’s price target on Corebridge (CRBG) to $37 from $36 and keeps an Equal Weight rating on the shares. The firm conducted an analysis into variable annuities and the cash flow production, which revealed that there are still good relative opportunities within the group. Barclays came away from the analysis with a more upbeat view on this group of companies despite the strong price action this year, the analyst tells investors in a research note.
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