Globe Life price target raised to $83 from $75 at Evercore ISI

Evercore ISI raised the firm’s price target on Globe Life to $83 from $75 and keeps an In Line rating on the shares. The firm is raising its earnings estimates to reflect the company’s decision to get more aggressive on share repurchases and the independent audit being conducted by an outside law firm of its American Income Life operations, though it notes there is still uncertainty with what the DOJ subpoenas might bring.