Principal Financial price target raised to $100 from $94 at Piper Sandler

Group 1 - Piper Sandler raised the price target on Principal Financial (PFG) to $100 from $94, maintaining an Overweight rating on the shares [1] - The firm is generally above consensus across the board in the life insurance sector [1] - The gradual drop in rates has positively impacted broader capital markets activity, providing a tailwind to fee and spread earnings in its coverage [1]