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Posted by
Two Blokes Jun 6 -
Filed in
Stock
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7 views
I reiterate my "Buy" rating on Prudential Financial, arguing the market is mispricing temporary headwinds. My valuation model indicates a potential 25%+ upside, supported by a forward P/E near 2020 lows. PRU faces near-term headwinds from legacy U.S. annuities runoff and elevated surrenders in Japan, but I expect these to fade by FY 2026-27. Prudential is successfully de-risking, having cut exposure to volatile legacy products by nearly 60%. The company is pivoting to more stable, capital-efficient products to capture massive retirement market tailwinds.
