Barclays Cuts Price Target for Principal Financial Group

Research analysts lower their price target for the financial services company

Apr. 8, 2026 at 4:55pm

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Barclays research analysts have reduced their price target for shares of Principal Financial Group (NASDAQ:PFG) from $85.00 to $84.00, while maintaining an 'underweight' rating on the stock. This comes as several other analysts have recently issued reports on the company, with some upgrading and others maintaining neutral ratings.

Why it matters

Principal Financial Group is a major player in the financial services industry, providing a range of retirement, investment and insurance solutions. Analyst price target adjustments can impact investor sentiment and trading activity around the stock.

The details

In a research report issued on Wednesday, Barclays analysts lowered their price target for Principal Financial Group from $85.00 to $84.00, while keeping an 'underweight' rating on the stock. This suggests the analysts see potential downside of 10.10% from the stock's previous closing price. Other analysts have recently weighed in on Principal Financial, with Weiss Ratings upgrading the stock from 'hold (c+)' to 'buy (b-)' and JPMorgan Chase & Co. reiterating a 'neutral' rating and $103.00 price target.

  • Barclays issued the updated price target and rating on Wednesday, April 8, 2026.

The players

Barclays

A global financial services company that provides research coverage on Principal Financial Group.

Principal Financial Group

A global financial services company headquartered in Des Moines, Iowa that provides retirement, investment and insurance solutions.

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What’s next

Investors will likely monitor any further analyst commentary and rating changes on Principal Financial Group as the company continues to navigate the evolving financial services landscape.

The takeaway

Analyst price target adjustments can influence investor sentiment around a stock, though a single price target change does not necessarily indicate a broader shift in the company's fundamentals or long-term outlook.