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Prudential Financial's Q4 earnings missed expectations, causing shares to drop despite a raised price target by Bank of America.
Prudential Financial reported Q4 earnings of $2.96 per share, missing analysts' expectations by $0.40.
The company's shares fell $0.99 to $117.91, with a market cap of $41.97 billion.
BMO Capital Markets rated the stock "underperform," while Bank of America raised its price target to $118.00 and maintained a "neutral" rating.
Major shareholder Insurance Co Of Ame Prudential increased its ownership by 12.66% through a recent stock buy.
3 months ago
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