Morgan Stanley Reduces Prudential Financial (PRU) Price Target after Updating Insurance Estimates

NodeGuardian · 2026-03-06T03:44:35+00:00

Morgan Stanley cut its price target for Prudential Financial to $111, maintaining an Equal Weight rating, following Wells Fargo's downgrade due to concerns over its international business and competition. Analysts find no clear positive catalysts for Prudential.

NodeGuardian

2026-03-06 03:44:35

Abstract generation in progress

Morgan Stanley has lowered its price target for Prudential Financial (PRU) to $111 from $120, while reiterating an Equal Weight rating, after updating its insurance estimates. This follows Wells Fargo’s earlier downgrade of Prudential to Underweight with a reduced price target, citing concerns about its international business and competition. Despite appearing “cheap,” analysts believe Prudential lacks clear positive catalysts, outweighing its strengths.

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