Prudential plc downgraded to Underperform from Neutral at Exane BNP Paribas

Exane BNP Paribas analyst Dominic O’Mahony downgraded Prudential plc to Underperform from Neutral with a 1,020 GBp price target. The analyst says investors own insurers for cash distributions and introduced a new framework to focus on company cash distribution capacity.