Wells Fargo lowered the firm’s price target on Principal Financial (PFG) to $84 from $86 on Friday and kept an Equal Weight rating on the shares. The firm notes Principal Financial traded down after reporting weaker than expected results and overall lackluster commentary on key business segments. Principal Financial feels confident in achieving its previous guidance of 9%-12% core EPS growth, Wells adds.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on PFG:

• Principal Financial price target raised to $77 from $75 at Barclays

• Principal Financial reports Q3 adjusted EPS $1.78, consensus $2.02

• Principal Financial (PFG) Q3 Earnings Cheat Sheet

• Principal Financial Reports Strong Market Performance in Q3

• Principal Financial price target lowered to $91 from $94 at BofA