Globe Life selloff yesterday ‘likely way overdone,’ says Keefe Bruyette

Keefe Bruyette says the 53% selloff yesterday in shares of Globe Life following a short report from Fuzzy Panda Research is “likely way overdone.” The selloff is likely way overdone relative to the financial implications, but near-term uncertainty remains an issue, the analyst tells investors in a research note. The firm keeps a Market Perform rating on the shares.