F&G Annuities price target lowered to $41 from $47 at Barclays

Barclays analyst Alex Scott lowered the firm’s price target on F&G Annuities to $41 from $47 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the insurance group. With life earnings facing challenges Barclays favors group benefits, excess capital, and “cheap” cash flows, the analyst tells investors in a research note. The firm says the sector is “navigating uncertainty.”