J.P. Morgan Maintains Overweight on Prudential Financial

J.P. Morgan is out with its report today on Prudential Financial (NYSE: PRU), maintaining Overweight.

In its report, J.P. Morgan writes, "PRU reported strong 2Q11 results, highlighted by upside in EPS, robust international sales, and healthy flows in its U.S. accumulation businesses. Strong organic growth, capital deployment, and accretion from Star/Edison should drive ROE expansion and above-average EPS growth, enabling PRU to garner a greater valuation premium to the sector."

J.P. Morgan maintains a $72 PT on PRU.

Shares of PRU closed Wednesday at $56.88, up 0.41% from Tuesday's close.