Piper Sandler maintains Overweight rating on Principal Financial Group, $125 price target
Piper Sandler has reaffirmed its Overweight rating on Principal Financial Group (PFG), setting a price target of $125.00, which suggests an 11.6% upside from the recent closing price. The analyst note highlights the company's diverse revenue streams, contributing to solid underlying results despite challenges, and its strong EPS growth guidance of 9-12%. These factors underscore confidence in PFG's operational stability and strategic direction.
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