Barclays Major Takeaways From Prudential Financial's (PRU) Investor Day
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Price: $125.13 +0.30%
Rating Summary:
1 Buy, 21 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 21 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on Prudential Financial (NYSE: PRU), PT $77.
Barclays analyst said, "Our major takeaways from PRU's Investor Day today are: 1) $1.5bn share buyback program announced this week is likely just a starting point, 2) PRU appears open to acquisitions including outside its core markets of the U.S. and Japan, and 3) PRU's robust variable annuity sales trends could ease as competitors re-engage. Importantly, PRU reiterated its ROE target of 13%-14% by 2013 driven in large part by organic growth in International Insurance, Annuities, and Asset Management, accretion from the Star/Edison acquisition, and deploying excess capital in acquisitions and/or share buybacks."
For more ratings news on Prudential Financial click here and for the rating history of Prudential Financial click here.
Shares of Prudential Financial closed at $60.13 yesterday.
Barclays analyst said, "Our major takeaways from PRU's Investor Day today are: 1) $1.5bn share buyback program announced this week is likely just a starting point, 2) PRU appears open to acquisitions including outside its core markets of the U.S. and Japan, and 3) PRU's robust variable annuity sales trends could ease as competitors re-engage. Importantly, PRU reiterated its ROE target of 13%-14% by 2013 driven in large part by organic growth in International Insurance, Annuities, and Asset Management, accretion from the Star/Edison acquisition, and deploying excess capital in acquisitions and/or share buybacks."
For more ratings news on Prudential Financial click here and for the rating history of Prudential Financial click here.
Shares of Prudential Financial closed at $60.13 yesterday.
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