BUZZ-Corebridge Financial rises after TD Cowen initiates coverage with 'buy'

Reuters
2024-10-10

** Retirement solutions and insurance provider Corebridge Financial's shares rise ~1.2% to $29.85

** TD Cowen initiates coverage on CRBG with "buy" rating, saying it has strong core business with several potential for growth

** Brokerage sets PT at $35, an 18.68% upside to stock's last close

** CRBG's low valuation at odds with attractive liability profile and diversified business, provides support to the company — TD Cowen

** 10 of 16 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $34 — data compiled by LSEG

** Including session's moves, stock up ~38% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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