** Shares of life insurer Corebridge Financial CRBG.N rise as much as 3.9%; last up 2.9% at $34.29
** Morgan Stanley upgrades CRBG to "overweight" from "equal-weight"; raises PT to $43 from $35, a 29% upside to stock's last close
** Brokerage says management's business shift toward fee-based earnings within group insurance should alleviate outflows
** Adds that a strong distribution network and addressable customer base gives CRBG leverage over peers
** 13 of 16 brokerages rate the stock "buy" or higher and three "hold," median PT is $39 — LSEG data
** As of last close, CRBG up 11.3% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.