NEW YORK (TheStreet) -- Prudential Financial (PRU) - Get Prudential Financial Inc. Report stock closed higher by 2% to $72.95 in Wednesday's trading session, after a federal judge in Washington ruled against the Financial Stability Oversight Council's claims that MetLife (MET) should be classified as a systemically important financial institution.
Prudential is currently labeled as a systemically important financial institution, which means that it is subjected to heightened government scrutiny and required to put additional money in reserves.
However, Prudential hasn't brought a challenge against the designation, Bloomberg notes.
Today's ruling could nonetheless lead to "a more aggressive push to curtail the FSOC's authority in the next Congress depending on the election outcome in November," Isaac Boltansky, an analyst with Compass Point Research & Trading, told Bloomberg.
Prudential is a Newark, NJ-based financial services company.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Prudential Financial's strengths such as its compelling growth in net income, notable return on equity and attractive valuation levels are countered by weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins.
You can view the full analysis from the report here: PRU
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.