Analysts Lower Their Price Targets on Corebridge Financial (CRBG) Stock

<p>Corebridge Financial Inc. (NYSE:<a href="https://finance.yahoo.com/quote/CRBG">CRBG</a>) is one of the <a href="https://www.insidermonkey.com/blog/13-extreme-value-stocks-to-buy-now-1715913/">13 extreme value stocks to buy now</a>. Corebridge Financial Inc. (NYSE:CRBG) has received back-to-back downward target price revisions. On March 11, Alex Scott of Barclays lowered his price target from $34 to $33, while a day earlier, TD Cowen’s Daniel Bergman reduced the price target from $38 to $35.</p>
<p>Bob Huang at Morgan Stanley also lowered the firm’s price target on Corebridge Financial Inc. (NYSE:CRBG) from $35 to $32 on March 3. However, the analyst maintained an Equal Weight rating on the shares. The analyst highlighted that the sector’s revised outlook reflects both recent trends and updated assumptions affecting these companies. The firm sees life insurers’ exposure to private credit as manageable; it pointed out that valuation pressures may persist across the broader industry. This suggests that investors may still face challenges despite the limited credit-related risks.</p>
<p>Earlier, on February 25, Wells Fargo also lowered its price target on Corebridge Financial Inc. (NYSE:CRBG) from $37 to $36 while reiterating an Overweight rating. The adjustment follows a revision of fourth-quarter guidance from companies across the sector. Many of these outlooks were in line with or slightly below consensus expectations. As a result, the firm reduced its EPS estimates for several companies under its coverage.</p>
<p>Corebridge Financial Inc. (NYSE:CRBG) provides retirement solutions and insurance products for individuals and corporations. The company is based in Houston, Texas, and was founded in 1957.</p>
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