Barclays Maintains an 'Overweight' on Prudential Financial (PRU); Upbeat Management Meeting

Barclays maintains an 'Overweight' on Prudential Financial (NYSE: PRU), PT $77.

Barclays analyst says, "Individual Life Insurance Jim Avery. Despite a low interest rate environment, PRU appears confident in its ability to achieve 13%-14% operating ROE in 2013. We estimate PRU could deliver EPS of at approximately $10.00 in 2013 based on its 13%-14% ROE goal. PRU expects to generate strong results in International, Asset Management, and Annuities, deliver accretion from the Star/Edison acquisition, and deploy of excess capital (including share buybacks)."

"Our sense is PRU could likely be designated as a SIFI (as well as MetLife (NYSE: MET), AIG (NYSE: AIG), and perhaps several other large life insurers). For PRU and MET, we anticipate a SIFI designation would not have a meaningful impact on earning power, capital requirements, or share buyback plans."

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 $59.65 yesterday.

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