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<Research> M Stanley Raises PRU (PRU.L) NBP Forecast by 1%, Cuts TP to 1,400 pence
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M Stanley issued a research report raising its New Business Profit (NBP) forecast for PRU (02378.HK) by 1%, reflecting better-than-expected NBP.

M Stanley said that due to PRUs disposal of its stake in ICICI Pru AMC, its EPS forecasts for 2026-2028 were lowered by up to 2%. In addition, affected by adverse foreign exchange movements and the above forecast adjustments, the broker slightly reduced its TP for London-listed PRU (PRU.L) to 1,400 pence from 1,420 pence, with a rating of Overweight.(sl/u)

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