Piper Sandler Cuts Price Targets for Prudential and EastGroup
Piper Sandler lowered Prudential Financial's target to $120 and EastGroup's to $246 a share, while maintaining a Neutral rating on Prudential.
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what happened
Piper Sandler reduced its price target for Prudential Financial to $120.00 a share from $128.00. Dow Jones Newswires reported that the broker maintained its Neutral rating on Prudential Financial. Benzinga published the ratings action at 11:51 GMT on October 12, 2026.
The target for EastGroup was lowered to $246.00 a share from $268.00. Newsmetry API reported the change, citing Benzinga’s ratings-actions data. Both target-price changes were attributed to Piper Sandler.
why it matters
The reductions revise published analyst benchmarks for Prudential Financial and EastGroup. Piper Sandler’s Neutral rating on Prudential was also maintained, while the source material does not specify a separate rating for EastGroup.
instruments
sources
- Prudential Financial Price Target Cut to $120.00/Share From $128.00 by Piper Sandler — Dow Jones Newswires, 12 October 2026 at 11:51 UTC
- EastGroup Price Target Cut to $246.00/Share From $268.00 by Piper Sandler — Newsmetry API, 12 October 2026 at 15:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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