Prudential Financial (PRU) Q4 'Miss' Not as Bad as it Looked - Jefferies

Jefferies analyst Colin Devine reiterated a Buy rating and $100 price target on Prudential Financial (NYSE: PRU) following the company's Q4 miss.

Devine commented, "Looking beneath the headline "miss" it wasn't a bad quarter in terms of business line performance but it also confirmed the growing pressure low interest rates are having. The reserve additions did not surprise and if rates do not rise, they will not be the last for PRU or any other insurer. Excess capital will be the focus as management slashed its estimate by nearly 50%."

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 $79.89 yesterday.

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