Morgan Stanley Reiterates Overweight on Prudential Financial

Morgan Stanley is out with its report today on Prudential Financial PRU, reiterating Overweight. In a note to clients, Morgan Stanley writes, "While there were no major surprises at Prudential's investor day, management provided what we considered to be a bullish assessment of growth and ROE expansion opportunities. From our perspective, management is well positioned to achieve these future targets and we believe this is not reflected in the current stock price. Given our view of meaningful additional upside potential, we are reiterating our Overweight rating on the stock." Morgan Stanley maintains a $75 PT on PRU. Shares of PRU closed Thursday at $60.13, up 1.23% from Wednesday's close.