Piper Sandler Starts Corebridge Financial (CRBG) at Overweight

Analysts Initiate Positive Ratings on Corebridge Financial (CRBG)

Analysts initiated coverage of Corebridge Financial (NYSE: CRBG) on Monday, with several assigning bullish ratings to the stock.

Wells Fargo analyst Elyse Greenspan initiated Corebridge with an Overweight rating and a $23 price target. Greenspan told investors in a note that the firm's 2022, 2023, and 2024 EPS estimates are $2.69, $3.65, and $4.75, respectively, while its SOTP-based price target is $23, representing 20% upside potential, including dividend yield.

"CRBG is the Life & Retirement (L&R) business of AIG, which IPO'd at $21 per share on 9/14/22. CRBG is a ROE improvement and capital return story as the company is targeting improving ROE... More

Wells Fargo Starts Corebridge Financial (CRBG) at Overweight

Wells Fargo analyst Elyse Greenspan initiates coverage on Corebridge Financial (NYSE: CRBG) with an Overweight rating and a price target of $23.00.

The analyst commented, "We are initiating coverage of CRBG with an Overweight rating. Our 2022, 2023 and 2024 EPS estimates are $2.69, $3.65 and $4.75, respectively, and our SOTP-based... More

UPDATE: Jefferies Starts Corebridge Financial (CRBG) at Buy

(Updated - October 10, 2022 8:00 AM EDT)

Jefferies analyst Suneet Kamath initiates coverage on Corebridge Financial (NYSE: CRBG) with a Buy rating and a price target of $25.00.

The analyst commented, "We see a 21% EPS CAGR from 2023-25 vs. a 9% peer median.... More

Oppenheimer Starts Corebridge Financial (CRBG) at Outperform

Oppenheimer analyst Chris Kotowski initiates coverage on Corebridge Financial (NYSE: CRBG) with a Outperform rating and a price target of $30.00.

The analyst commented, "We are initiating coverage of Corebridge with an Outperform rating and a $30 price target. As the life insurance operation... More

JPMorgan Starts Corebridge Financial (CRBG) at Neutral

JPMorgan analyst Jimmy S. Bhullar initiates coverage on Corebridge Financial (NYSE: CRBG) with a Neutral rating and a price target of $25.00.

For an analyst ratings summary and ratings history on Corebridge Financial click here. For more ratings news on Corebridge Financial click here.

Shares of Corebridge Financial closed at $19.94 yesterday.

UPDATE: RBC Capital Starts Corebridge Financial (CRBG) at Outperform

(Updated - October 10, 2022 7:33 AM EDT)

RBC Capital analyst Mark Dwelle initiates coverage on Corebridge Financial (NASDAQ: CRBG) with a Outperform rating and a price target of $25.00.

The analyst commented, "Corebridge is a market leader in each of its four operating segments... More

UPDATE: Goldman Sachs Starts Corebridge Financial (CRBG) at Neutral

(Updated - October 10, 2022 7:34 AM EDT)

Goldman Sachs analyst Alex Scott initiates coverage on Corebridge Financial (NASDAQ: CRBG) with a Neutral rating and a price target of $23.00.

The analyst commented, "We initiate on Corebridge Financial, ticker CRBG, with a Neutral rating and a $23, 12-month target price reflecting ~12% upside. Corebridge Financial is the rebranded name for American International Group's Life & Retirement... More

UPDATE: BofA Securities Starts Corebridge Financial (CRBG) at Buy

(Updated - October 10, 2022 9:31 AM EDT)

BofA Securities analyst Joshua Shanker initiates coverage on Corebridge Financial (NASDAQ: CRBG) with a Buy rating and a price target of $24.00.

The analyst commented, "As we resume coverage of AIG, we shift our valuation to a... More

Morgan Stanley Starts Corebridge Financial (CRBG) at Equalweight

Morgan Stanley analyst Nigel Dally initiates coverage on Corebridge Financial (NYSE: CRBG) with a Equalweight rating and a price target of $25.00.

For an analyst ratings summary and ratings history on Corebridge Financial click here. For more ratings news on Corebridge Financial click here.

Shares of Corebridge Financial closed at $19.94 yesterday.