Prudential Financial: Barclays maintains Equal-Weight, raises PT to $120 from $119.

Prudential Financial: Barclays maintains Equal-Weight, raises PT to $120 from $119.

Barclays has updated its rating and price target for Prudential Financial (NYSE: PRU) in a recent research report. The financial services provider now has an equal-weight rating from Barclays, with a new price target of $120, up from the previous target of $119. This adjustment follows a series of recent changes in analyst ratings and price targets for Prudential Financial.

Wells Fargo & Company, another major research firm, recently lowered its price objective for Prudential Financial from $116.00 to $113.00. However, Barclays' increase in the price target is notable, given the recent downward trend in analyst ratings and price targets for the company. Other analysts have also weighed in on Prudential Financial's stock, with varying ratings and price targets. For instance, Wall Street Zen lowered its rating to a sell, while Keefe, Bruyette & Woods decreased its price target from $120.00 to $117.00.

Prudential Financial's stock performance has been mixed, with the stock trading down $0.77 during Wednesday's trading session, hitting $102.21. The company's financials have shown resilience, with earnings results for the quarter ending April 30th reporting $3.29 EPS, exceeding analysts' estimates by $0.11. However, revenue decreased by 38.2% year-over-year.

Institutional investors have also shown interest in Prudential Financial, with several firms boosting their stakes in the company. For example, Meeder Asset Management Inc. increased its position by 90.2% during the first quarter. Meanwhile, Greenleaf Trust reduced its position by 19.9% in the first quarter, selling 2,344 shares.

Overall, Prudential Financial's stock has been subject to varying analyst opinions and price targets, reflecting the complexities of the financial services industry. As always, investors should carefully consider these factors along with their own financial goals and risk tolerance when making investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/prudential-financial-nysepru-price-target-lowered-to-11300-at-wells-fargo-company-2025-07-16/
[2] https://insurancenewsnet.com/oarticle/prudential-financial-inc-nysepru-shares-sold-by-greenleaf-trust