UBS Maintains a 'Buy' on Prudential Financial (PRU); Still Expecting Growth Off Lower EPS Base

May 4, 2012 2:57 PM EDT Send to a Friend
Get Alerts PRU Hot Sheet
Price: $89.93 +3.67%

Rating Summary:
    14 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 1 | New: 6
Trade PRU Now!
Join SI Premium – FREE
UBS maintains a 'Buy' on Prudential Financial (NYSE: PRU) price target lowered from $77 to $73.

Analyst, Andrew Kligerman, said, "PRU reported disappointing 1Q12 op EPS of $1.56, or ~$1.34 ex PRU-identified unusuals...Despite reduction in current run-rate earnings, we still expect PRU to generate strong, above-peer-EPS growth off this reduced base, as the three key levers driving expected EPS increases remain intact: a) growth of high return International, Asset Management and Individual Annuities businesses, b) capital management, and c) integration of Star/Edison acquisition."

UBS cuts FY12 EPS estimate from $6.99 to $6.54 and FY13 from $8.39 to $7.78.

For an analyst ratings summary and ratings history on Prudential Financial click here. For more ratings news on Prudential Financial click here.

Shares of Prudential Financial closed at $54.81 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

UBS, Earnings

Add Your Comment