Shares of this insurer are set to soar 100% as interest rates fall, Jefferies says

News Snapshot:

Shares of British insurer and asset manager Prudential could double over the next 12 months, according to analysts at Jefferies — which expect it to be a surprise beneficiary of interest rate cuts. In research published on Aug. 18, the U.S. investment bank gave the stock a target price of £13 ($16.90) — giving it potential upside of 101% at the time of the note. Prudential shares are dual-listed on the London and Hong Kong Stock Exchanges . They have a secondary listing on the Singapore Exchange and also trade as an American Depository Receipt in the U.S. Founded in...