Barclays Maintains an 'Equalweight' on Principal Financial Group (PFG); Principal International Provides Opportunities for Growth

Barclays maintains an 'Equalweight' on Principal Financial Group (NYSE: PFG) price target of $35.00.

Barclays analyst says, "PFG expects Principal International to contribute 25%+ to its earnings by 2020, up from 16% in 2010. PFG reiterated its 5-year goals for Principal International of $100bn of AUM (up from $53bn currently), 8-10% net cash flow as a pct of AUM, 15-20% growth in operating earnings, and a 14-18% ROE (up from 9% for TTM 6/30/11). Growth in AUM is the best proxy for earnings growth in this business."

"Our EPS estimates for PFG of $2.95 in 2011 and $3.35 in 2012 are under review based on the 3Q11 decline in equity markets and low interest rates."

For more ratings news on Principal Financial Group click here and for the rating history of Principal Financial Group click here.

Shares of Principal Financial Group closed at $25.49 yesterday.

---

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

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
• Morgan Stanley course-corrects their semiconductor equipment outlook on demand