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BMO and Barclays boost Corebridge Financial's target price, citing strong earnings despite missed revenue.
BMO Capital Markets and Barclays raised their target prices for Corebridge Financial (CRBG) to $44.00 and $45.00, respectively, with an "outperform" and "overweight" rating.
Corebridge, valued at $19.75 billion, recently increased its shares by 3.4% and announced a $0.24 quarterly dividend.
The company beat Q1 EPS estimates with $1.16, but missed revenue expectations.
Corebridge provides retirement solutions and insurance products.
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BMO y Barclays aumentan el precio objetivo de Corebridge Financial, citando fuertes ganancias a pesar de la pérdida de ingresos.