Lincoln National price target raised to $27 from $21 at Piper Sandler

Piper Sandler analyst John Barnidge raised the firm’s price target on Lincoln National to $27 from $21 and keeps a Neutral rating on the shares ahead of the Q2 report. The analyst says the key earnings contributors for life insurers – fees, spread and underwriting – all had a “confluence of tailwinds” in Q2. Rates improved, which should be constructive for base portfolio yields, the analyst tells investors in a research note.