UPDATE: Keefe, Bruyette & Woods Upgrades Principal Financial on Increased Confidence

In a report published Friday, Keefe, Bruyette & Woods analyst Jeffrey Schuman upgraded the rating on Principal Financial (NYSE: PFG ) from Market Perform to Outperform, and raised the price target from $54.00 to $56.00. In the report, Keefe, Bruyette & Woods noted, “We are upgrading PFG to Outperform from