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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

JPMorgan lifts Prudential target price, reiterates 'overweight'

(Sharecast News) - JPMorgan lifted its price target on Prudential on Friday to 1,500p from 1,325p and reiterated its 'overweight' rating as it said its analysis suggests there could be a lot more to go for in the shares, despite the near 80% gain in 2025. The target price increase follows the partial disposal of Prudential's stake in ICICI Prudential Asset Management in India (IPAMC), JPM said.

"We continue to see a positive fundamental investment thesis in the shares, with a flywheel of strong new business profit growth driving attractive growth in earnings and cash flow, and ultimately capital returns."

At 0930 GMT, the shares were down 0.8% at 1,151p.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.