BofA Raises Prudential (PRU) Price Target to $118, Maintains Neutral Rating

Core Insights - Prudential Financial, Inc. (NYSE:PRU) is recognized as one of the 11 Best FTSE Dividend Stocks to buy currently [1] - Bank of America (BofA) has raised its price target for Prudential from $112 to $118 while maintaining a Neutral rating [3] - Prudential has a strong history of shareholder returns, having paid dividends for 16 consecutive years, with a current quarterly dividend of $1.35 per share and a dividend yield of 5.35% as of October 29 [4] Company Overview - Prudential Financial, Inc. is a global insurance company that provides life and health insurance, as well as asset management services [2] - The company experienced a relatively calm third quarter, with no hurricanes impacting the US, and macroeconomic uncertainties did not significantly affect earnings [3] Financial Performance - The increase in price target reflects a revision of price targets for US insurance companies within BofA's coverage [3] - The consistent dividend payments and yield indicate a stable financial performance and commitment to returning value to shareholders [4]