Prudential Financial, Inc. (PRU)

UNCF launched a 'Wealth in Numbers' campaign to understand wealth-building perspectives at HBCUs, offering a $10,000 prize for the highest survey response rate, with the goal of addressing financial disparities and supporting generational wealth creation.

The article discusses the potential impact of rising U.S. national debt on the economy and suggests investing in life and retirement insurance companies like Prudential Financial, MetLife, and Corebridge Financial as a way to hedge against higher long-term interest rates.

Warren Buffett's 1999 warning about a potential 'lost decade' for the S&P 500 is still relevant today, as analysts predict similar low returns. Buffett is now focusing on income-generating assets like bonds and dividend stocks to weather the market conditions.

Prudential reported Q2 2024 revenue of $13.84 billion, up 9.5% year-over-year, and EPS of $3.39 compared to $2.94 a year ago. The revenue beat analyst estimates, but EPS missed. Key metrics like assets under management and revenue from various business segments were also reported.

Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Prudential Financial (NYSE:PRU) in the last three months. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 4 3 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 0 0 3 3 0 Analysts have recently evaluated Prudential Financial and provided 12-month price targets. The average target is $122.44, accompanied by a high estimate of $143.00 and a low estimate of $106.00. This upward trend is evident, with the current average reflecting a 5.65% increase from the previous average price target of $115.89. Diving into Analyst Ratings: An In-Depth Exploration The standing of Prudential Financial among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Suneet Kamath Jefferies Lowers Buy $141.00 $143.00 Suneet Kamath Jefferies Raises Buy $143.00 $121.00 John Barnidge Piper Sandler Lowers Neutral $121.00 $125.00 Thomas Gallagher Evercore ISI Group Raises Underperform $116.00 $115.00 Nigel Dally Morgan Stanley Raises Equal-Weight $117.00 $109.00 Elyse Greenspan Wells Fargo Raises Underweight $106.00 $100.00 Thomas Gallagher Evercore ISI Group Raises Underperform $115.00 $104.00 Ryan Krueger Keefe, Bruyette & Woods Raises Market Perform $118.00 $112.00 John Barnidge Piper Sandler Raises Neutral $125.00 $114.00 Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it ...Full story available on Benzinga.com