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Piper Sandler Remains a Buy on Principal Financial (PFG)

Tipranks - Tipranks - Wed Feb 11, 5:38AM CST

Piper Sandler analyst John Barnidge maintained a Buy rating on Principal Financial today and set a price target of $100.00.

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Barnidge covers the Financial sector, focusing on stocks such as Apollo Global Management, Principal Financial, and Prudential Financial. According to TipRanks, Barnidge has an average return of 8.8% and a 60.86% success rate on recommended stocks.

Currently, the analyst consensus on Principal Financial is a Hold with an average price target of $93.43.

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Based on Principal Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.68 billion and a net profit of $213.8 million. In comparison, last year the company earned a revenue of $3.01 billion and had a GAAP net loss of $220 million

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