Prudential loses Buy rating at Deutsche

|About: Prudential Financial, Inc. (PRU)|By:, SA News Editor

"The downgrade is a valuation call," says analyst Yaron Kinar, noting the stock trades at 1.5x book, a "merited premium" to its peers, but still not leaving a lot of room for upside. While Prudential will surely benefit from higher interest rates, Kinar says it's not as sensitive to rates as Lincoln National and MetLife.

The price target remains $96.

PRU -0.5% premarket, and up a tidy 67% YTD.