Principal Financial price target raised to $80 from $77 at Barclays

Barclays analyst Alex Scott raised the firm’s price target on Principal Financial (PFG) to $80 from $77 and keeps an Underweight rating on the shares post the Q4 report. The company’s core earnings beat on better than expected performance in specialty benefits and investment management, while international pension and life insurance lagged, the analyst tells investors in a research note.