Lincoln National price target lowered to $30 from $32 at Piper Sandler

Piper Sandler analyst John Barnidge lowered the firm’s price target on Lincoln National to $30 from $32 and keeps a Neutral rating on the shares. The firm says Lincoln’s results illustrate it remains on the path of its strategic re-positioning focused on several key areas, namely building a stronger capital foundation for stability across market cycles while supporting profitable growth, optimizing its operating model for scale, and delivering profitable growth towards realigning towards products with more stable cash flows, focused on maximizing risk adjusted returns while decreasing sensitivity to equity markets.