Principal Financial Shares Decline After BofA Downgrade

By EC Assets · Published 24 June 2026

Principal Financial Group Inc. stock declined 2.9% in trading Wednesday. This fall followed a downgrade from BofA Securities. BofA Securities changed its rating for Principal Financial Group to Underperform from Neutral on Tuesday. BofA Securities also lowered its price target for Principal Financial Group to $95.00. The analyst Joshua Shanker downgraded Principal Financial Group from Neutral. Principal Financial Group has an average rating of hold and a mean price target of $102.25 among analysts polled by FactSet. Losses on Wall Street Tuesday were led by financial services companies, which fell 1.4%. Technology companies fell 1.5%. Health care stocks dropped 1.1%. This article is intended for informational purposes only. It does not constitute investment advice.