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