Wells Fargo has revised its price target for Principal Financial (PFG, Financial), lowering it from $74 to $68. This adjustment comes as the firm retains its Underweight rating on the company's shares. The decision reflects the impact of the existing tariff environment, which has slightly diminished the upcoming quarter's prospects.
Analyst Elyse Greenspan from Wells Fargo emphasized that investors might shift their attention towards the broader implications of tariffs and the overall macroeconomic climate affecting Principal Financial's performance. The spotlight is likely to be on how these factors will shape the company's future outlook.
