** Shares of Corebridge Financial CRBG.O down 2.8% to $30.70 in premarket trading

** UBS cuts its PT to $28 from $40, and downgrades rating to "sell" from "buy"

** "Cautious stance is driven by our view of near-term earnings & AUM risk being overlooked by bulls" - Analysts** 13 brokerages rate company "buy" or higher, and three rate "hold"; median PT at $39 - data compiled by LSEG

** As of last close, stock is up 5.5% YTD

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))