Raymond James upgraded Horace Mann to Strong Buy from Market Perform with a $42 price target after assuming coverage of the name. Horace Mann offers property, auto, and life insurance, and retirement products to the attractive educators market, the analyst tells investors in a research note. Horace Mann’s plan should achieve targeted double-digit tangible ROE in 2025, the firm says, adding that it can increase its low-double-digit penetration in the educators market by adding exclusive agents in new geographies.
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