Prudential: An Undervalued Play On Higher Interest Rates
September 23, 2016 at 11:45 AM EDT
Shares of Prudential Financial ( PRU ) share price jumped 1.4% to a recent $81.26 after Goldman Sachs analyst Michael Kovac lifted the stock to a buy from a neutral and added it to the firm’s Conviction Buy list with a price target of $93. Why? Among several reasons, the insurer is an undervalued play on higher interest rates.
