UPDATE: Morgan Stanley Reiterates On Prudential Financial On Continued Solid Outlook

In a report published Thursday, Morgan Stanley analyst Nigel Dally reiterated an Overweight rating on

, but removed the $101.00 price target. In the report, Morgan Stanley noted, “There were few surprises at the company's recent investor day, and it appears management remains optimistic on the fundamental outlook. While management reiterated prior ROE guidance, we see no reason why the 15%+ returns cannot be sustained currently, which leads us to reiterate our Overweight rating on the stock.” Prudential Financial closed on Wednesday at $88.09.