Prudential: UBS still a buyer, trims target price

(CercleFinance.com) - UBS reinstates its "buy" rating on Prudential shares, despite reducing its target price for them from 1758 pence to 1720 pence (current price: 1430 pence, pretty flat), with its new target price still representing upside potential of 20% for the life insurance company's share.


"Our valuation for Pru continues to point to upside. Our new analysis on Pru's free cash flow generation indicates an improving trend".


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