Morgan Stanley analyst Bob Huang upgraded Lincoln National (LNC) to Overweight from Equal Weight with a price target of $58, up from $41. The company’s turnaround is on track as it shifts to a more capital light business mix, the analyst tells investors in a research note. The firm says Lincoln is posting profitable earnings growth and maintaining strong capital levels. As a result, the stock’s valuation should re-rate toward its historical norms, contends Morgan Stanley.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LNC:
- Wolfe Research launches coverage with positive view on Life Insurance names
- Lincoln National initiated with an Underperform at Wolfe Research
- OPY, LNC, FSBC: 3 Financial Stocks To Keep Our AI Analyst in the Money
- Lincoln National price target raised to $41 from $38 at Morgan Stanley
- Lincoln National price target raised to $37 from $35 at Wells Fargo