Principal Financial gains after Raymond James upgrades to 'strong buy'

Principal Financial

09/07/2024 15:18

** Shares of insurer Principal Financial  PFG.O  rise as
much as 3.1%, last up 2.3% at $80.23
    ** Raymond James upgrades PFG to "strong buy" from "market
perform"; sets PT of $99, a 26.2% upside to stock's last close
    ** Brokerage says PFG is becoming "a one-stop shop" for
retirement plans and services, employee benefits and life
insurance offerings 
    ** Adds PFG can boost its revenue growth by cross-selling
across segments 
    ** One of 14 brokerages rate stock "strong buy", 12 "hold"
and one "strong sell"; their median PT is $85 - LSEG
    ** Including session's moves, PFG stock up 1.8% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))