There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Prudential Financial Inc (PRU) and SunTrust Banks (STI) with bullish sentiments.
Prudential Financial Inc (PRU)
In a report released yesterday, Randy Binner from B.Riley FBR reiterated a Buy rating on Prudential Financial Inc, with a price target of $113. The company’s shares closed yesterday at $85.50.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 10.0% and a 59.5% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and Health Insurance Innovations.
Prudential Financial Inc has an analyst consensus of Strong Buy, with a price target consensus of $119, a 39.2% upside from current levels. In a report released yesterday, Wells Fargo also initiated coverage with a Buy rating on the stock with a $105 price target.
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SunTrust Banks (STI)
In a report released yesterday, Steve Moss from B.Riley FBR reiterated a Buy rating on SunTrust Banks, with a price target of $67. The company’s shares closed yesterday at $54.78.
According to TipRanks.com, Moss is a 1-star analyst with an average return of -2.0% and a 39.7% success rate. Moss covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Seacoast Banking Corporation Of Florida, and The Bank of Princeton.
Currently, the analyst consensus on SunTrust Banks is a Moderate Buy with an average price target of $69.80, which is a 27.4% upside from current levels. In a report issued on January 2, Robert W. Baird also upgraded the stock to Buy with a $62 price target.
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