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.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRBG:
- Corebridge Financial Sees Strategic Board and Ownership Shift
- Corebridge price target raised to $37 from $35 at TD Cowen
- Corebridge price target raised to $39 from $34 at Evercore ISI
- Corebridge 30M share Spot Secondary priced at $31.20
- Corebridge announces offering of 30M shares of common stock for holder AIG