Primerica price target raised to $239 from $236 at Jefferies

Jefferies analyst Suneet Kamath raised the firm’s price target on Primerica to $239 from $236 and keeps a Hold rating on the shares. The analyst stays constructive on U.S. life insurance space, calling the environment for growth and returns “the most favorable we’ve seen in years.” In that context, companies and investors may need to revisit the capital deployment trade-off between buybacks and growth, adds the analyst, who favors growth.