Morgan Stanley Adds Prudential to "Best Ideas List"

In a report published Monday May 19th, Morgan Stanley added Prudential PRU to its "Best Ideas List". As stated by analyst Nigel Dally, "Prudential is being added to Morgan Stanley's Best Ideas list, reflecting our view that fundamentals are substantially stronger than the consensus implies". Dally sees the combination of superior business mix, deal-related synergies and ongoing capital management to place Prudential in a prime spot to succeed. Dally's anticipates 27% upside for Prudential based on his recent valuations. Dally also sees Prudential as less rate sensitive then other companies within the sector. Morgan Stanley maintains its rating of Overweight for Prudential with a price target of $101. Prudential is up 0.57% to $80.05 at last checked trade in Monday's session.