JPMorgan downgraded Lincoln National to Underweight from Neutral with an unchanged price target of $26. The analyst cites the company’s “high-risk business” mix, a cautious stance on operating trends, and poor capital position for the downgrade. While Lincoln’s valuation is depressed and the stock has significant upside if the equity market remains strong and/or interest rates rise, downside in an adverse scenario is even more severe and the risk/reward in the stock is not compelling, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LNC:
- Lincoln National price target raised to $30 from $25 at Piper Sandler
- Lincoln National price target raised by $3 at Evercore ISI, here’s why
- Lincoln National price target raised to $29 from $26 at Evercore ISI
- Lincoln National to sell wealth management business to Osaic
- Lincoln National put volume heavy and directionally bearish
