Recent share price weakness in Prudential set to be 'temporary', Deutsche Bank says
By Alexander Bueso
Date: Monday 03 Feb 2020
(Sharecast News) - For analysts at Deutsche Bank, Prudential's recent share price weakness was set to be temporary.
To back up their case they pointed to the limited duration of recent epidemics as well as their analysis of the asset manager's exposures.
In the short-term on the other hand, the "considerably" faster pace of increase in the number of confirmed cases of the 2019-nCov virus versus the 2003 SARS epidemic meant that sentiment could remain "nervous".
Indeed the so-called Wuhan virus outbreak was coming on top of the pre-existing impact of civil unrest in Hong Kong.
Deutsche kept its recommendation for the shares at 'hold' with a 1,500.0p target price.
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