Mizuho Raises Prudential (PRU) Target to $126, Keeps Neutral Rating

Group 1 - Prudential Financial, Inc. (NYSE:PRU) is recognized as one of the 15 Best High Yield Stocks to Buy [1] - Mizuho has raised its price target for Prudential to $126 from $125 while maintaining a Neutral rating, following routine model adjustments in the insurance sector [2] - Prudential is considering selling its stake in South African financial services firm Alexforbes, indicating a potential shift in its strategic direction [3][4] Group 2 - Prudential originally acquired its stake in Alexforbes in 2022, owning approximately one-third of the company, which has a market value of about 10.7 billion rand (approximately $627 million) [4] - The company offers a wide range of financial services, including life insurance, annuities, retirement solutions, mutual funds, and investment management [5]