Evercore ISI trims Corebridge Financial price target, cites spread pressure and Fed cuts risk
Evercore ISI lowered its price target on Corebridge Financial to $37.00 from $38.00 but kept an Outperform rating, pointing to ongoing spread compression and the prospect of two Federal Reserve rate cuts in 2026. Corebridge reported quarterly results that beat estimates and provided clearer 2026 guidance, while management is accelerating share repu…