Sterne Agee Upgrades Principal Financial (PFG), Downgrades Assurant (AIZ)

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February 23, 2012 9:11 AM EST
Get Alerts PFG Hot Sheet
Price: $108.65 -1.34%

Rating Summary:
    4 Buy, 13 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 17 | New: 16
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Sterne Agee's John Nadel is offering up a pair trade Thursday morning, upgraded shares of Principal Financial (NYSE: PFG) while at the same time downgrading shares of Assurant (NYSE: AIZ).

The analyst now rates Principal Financial shares a Buy, up from Neutral previously, and shares of Assurant a Neutral. Nadel boosted his target on Principal from $31 to $35 and his target on Assurant from $50 to $52.

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