UPDATE: Deutsche Bank Downgrades Prudential Financial on Valuation
November 15, 2013 at 10:21 AM EST
In a report published Friday, Deutsche Bank analyst Yaron Kinar downgraded the rating on Prudential Financial (NYSE: PRU ) from Buy to Hold, but reiterated the $96.00 price target. In the report, Deutsche Bank noted, “The downgrade is a valuation call. PRU currently trades at 1.5x P/B ex AOCI (adj,
