Globe Life price target raised to $146 from $137 at Wells Fargo

Wells Fargo raised the firm’s price target on Globe Life to $146 from $137 and keeps an Overweight rating on the shares following quarterly results. The firm notes Globe Life saw another EPS beat, reporting $2.80 vs. Wells and consensus of $2.73 due to better admin expense and lower share count. The company also increased its 2024 EPS guide to $11.30-11.80.