Corebridge Financial slides after UBS downgrades to 'sell', cuts PT
ReutersApr 2, 2025 11:34 AM
Shares of Corebridge Financial CRBG.O down 2.8% to $30.70 in premarket trading
UBS cuts its PT to $28 from $40, and downgrades rating to "sell" from "buy"
"Cautious stance is driven by our view of near-term earnings & AUM risk being overlooked by bulls" - Analysts
13 brokerages rate company "buy" or higher, and three rate "hold"; median PT at $39 - data compiled by LSEG
As of last close, stock is up 5.5% YTD
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