
Bearish vibes hit Prudential
Morgan Stanley’s Nigel Dally took a sharper stance on Prudential Financial, downgrading the stock from Equal-Weight to Underweight and slicing the price target to $92 from $106. Prudential closed Friday at $98.62, so the new target basically says, “You may want to take a step back here.”
The rest of Monday’s analyst shopping cart
This wasn’t just a one-stock mood swing. The same roundup included a handful of other notable changes:
- Baird cut Alexandria Real Estate Equities from Outperform to Neutral and chopped its target to $46 from $67.
- Seaport Global downgraded Targa Resources from Buy to Neutral.
- DA Davidson moved Vital Farms from Buy to Neutral and slashed its target to $16 from $47.
- Freedom Broker downgraded Alphabet from Buy to Hold while actually nudging its target up to $400 from $365. Finance, but make it emotionally complicated.
Why you should care
Analyst calls aren’t gospel, but they can matter when they nudge sentiment, trading volume, and the “wait, should I still own this?” debate in your portfolio. For Prudential, this downgrade may add pressure on a stock that’s already being judged against rates, margins, and the general fun-ruining reality of financials.
