CNO Financial upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler upgraded CNO Financial to Overweight from Neutral with an unchanged price target of $29. The analyst finds the shares to be attractively valued after recent industry market headwinds. There is also increasing scarcity value in smid-cap life insurance, which increases the attractiveness of CNO, the analyst tells investors in a research note. The firm says the company’s product portfolio is not over-indexed to legacy liabilities.