Prudential Financial faces a mixed analyst outlook as Piper Sandler raised its price target to $110 from $105 while maintaining a Neutral rating, and Argus downgraded the stock to Hold from Buy. Argus cited challenges in Japan, where the company suspended all new policies due to employee misconduct involving misappropriation of customer funds, and is overhauling its management, compliance, and governance structures. Despite these issues, Prudential raised its quarterly dividend by 4% earlier this year and launched Elevate, a suite of retirement products for the independent marketing organization channel. The company is a global insurance and investment management firm offering life insurance, retirement planning, mutual funds, and asset management services.
Prudential Financial, Inc.Suspended all new policies in Japan due to employee misconduct, overhauling management and compliance.