- "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.
Prudential loses Buy rating at Deutsche
Nov 15 2013, 07:20 ET