Principal Financial upgraded at Morgan Stanley on the current valuation (PFG:NASDAQ)

Core Viewpoint - Principal Financial Group's stock rating was upgraded from Underweight to Equal-weight, with a new price target set at $81.00, reflecting the current valuation [2] Group 1: Stock Performance - The stock price increased by 0.34% to $79.41 during Thursday morning trading [2] - The stock's valuation multiple has compressed, indicating a potential for recovery [2] Group 2: Analyst Insights - The upgrade in rating is based on the assessment of mitigated downside risks associated with the stock [2]