Principal Financial upgraded to Outperform from Market Perform at Keefe Bruyette Keefe Bruyette upgraded Principal Financial citing the recent pullback in shares and expectations for return-on-equity improvement. The firm raised its price target for shares to $56 from $54.
Principal Financial upgraded at Raymond James As previously reported, Raymond James upgraded Principal Financial to Outperform from Market Perform. The analyst upgraded shares based on Principal's favorable outlook in the retirement segment, increased demand for financial products in emerging economies, and excess capital generation. Price target is $60.