Friedman Billings Upgrades Prudential (PRU) to Outperform on FRE/FNM Bailout

September 8, 2008 7:09 AM EDT

Friedman Billings upgrades Prudential (NYSE: PRU) from Market Perform to Outperform with a $95 price target, saying Fannie, Freddie bailout a positive for Prudential subprime holdings.

Prudential Financial, Inc., through its subsidiaries, provides various financial products and services principally in the United States, Asia, Europe, and Latin America.


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