Keefe Bruyette analyst Ryan Krueger lowered the firm’s price target on Principal Financial (PFG) to $90 from $93 and keeps a Market Perform rating on the shares as part of a Q4 life insurance preview. The firm lowered Q4 earnings estimates by 5% on average citing softer variable investment income, lower market returns, and unfavorable currency moves. It expects much of the focus this quarter to be on 2025 outlooks.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFG:
- Principal Financial upgraded to Overweight from Neutral at JPMorgan
- Piper upgrades ‘contrarian idea’ Principal Financial to Overweight
- Principal Financial upgraded to Overweight from Neutral at Piper Sandler
- Principal Financial downgraded to Underweight from Equal Weight at Wells Fargo
- Principal Financial downgraded to Underweight from Equal Weight at Morgan Stanley