Principal Financial price target raised to $91 from $87 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on Principal Financial (PFG) to $91 from $87 and keeps a Sector Perform rating on the shares. The company’s Investor Day presentation provided the opportunity to hear additional details across various areas of its business through a panel format, with discussions offering a high level view on strategy, Principal’s market advantages, and a review of end markets, the analyst tells investors in a research note. Capital return was also highlighted as a key area of importance for the company, RBC added.