Wells Fargo Sticks to Their Sell Rating for Prudential Financial (PRU)
Wells Fargo analyst Wesley Carmichael maintained a Sell rating on Prudential Financial today and set a price target of $100.00.
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Carmichael covers the Financial sector, focusing on stocks such as Prudential Financial, Lincoln National, and Principal Financial. According to TipRanks, Carmichael has an average return of 20.2% and a 66.67% success rate on recommended stocks.
In addition to Wells Fargo, Prudential Financial also received a Sell from Barclays’s Alex Scott in a report issued on May 6. However, yesterday, Piper Sandler assigned a Hold rating to Prudential Financial (NYSE: PRU).
Based on Prudential Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $15.53 billion and a net profit of $597 million. In comparison, last year the company earned a revenue of $13.54 billion and had a net profit of $707 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRU in relation to earlier this year.
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