UPDATE: Deutsche Bank Upgrades Prudential Financial

In a report issued Friday, Deutsche Bank upgraded its rating of Prudential PRU from Hold to Buy while maintaining a price target of $96.

Analyst Yaron Kinar sees that there is favorable risk/reward for Prudential after the recent sell-off and with this sell-off there is a "compelling" entry point for investors. However, investors should be cautioned as Prudential has underperformed the group.

Kinar sees a macro catalyst for the stock in the form of equity market normalization in 2H14.

Prudential opened Friday at $79.98 and are currently down less than one percent at $79.25.