Principal Financial Group (NASDAQ:PFG) Reaches New 52-Week High on Analyst Upgrade

Principal Financial Group (NASDAQ:PFG) recently achieved a new 52-week high after Bank of America raised its price target, despite maintaining an "underperform" rating. The company's second-quarter adjusted earnings of $2.50 per share surpassed consensus estimates, though revenue fell short. Principal Financial Group also increased its quarterly dividend by 2.4% to $0.84 per share, enhancing its income appeal.