Principal Financial Group (NASDAQ: PFG) stock was recently upgraded from Underweight to Equal-weight. Along with the rating change, the price target was increased slightly from $80.00 to $81.00, reflecting the current valuation.
During Thursday morning trading, shares of Principal Financial Group rose by 0.34%, reaching $79.41.
According to analysts, the stock’s multiple has compressed, which has helped to mitigate downside risk.
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