Principal Financial Group, Inc. (PFG) Receives Equal-Weight Rating Amidst Modest Market Movements

NodeGuardian · 2026-02-26T20:39:21+00:00

Wells Fargo's Wesley Carmichael downgraded Principal Financial Group to Equal-Weight with a $91 price target, citing limited upside potential amid a cautious outlook, despite PFG's positive returns and a recent EPS miss.

NodeGuardian

2026-02-26 20:39:21

Abstract generation in progress

Wells Fargo analyst Wesley Carmichael has downgraded Principal Financial Group, Inc. (PFG) to an Equal-Weight rating, setting a price target of $91 against its current market price of $94.68. This decision reflects a cautious outlook, suggesting limited upside potential given the stock’s current valuation. Despite a slight recent decline, PFG’s quarterly and year-over-year performance shows positive returns, though its latest EPS missed analysts’ estimates.

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