JPMorgan analyst Jimmy Bhullar downgraded Unum Group (UNM) to Neutral from Overweight with a price target of $79, up from $74. The firm says that although its outlook for Unum’s ongoing business is upbeat, the risk/reward in the stock is more balanced following its significant outperformance. Investor sentiment on Unum has improved considerably over the past year, the analyst tells investors in a research note.
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Read More on UNM:
- Unum Group price target raised to $85 from $76 at Barclays
- Unum Group price target raised to $82 from $74 at Piper Sandler
- Unum Group price target raised to $96 from $91 at Jefferies
- Unum Group director O’Hanley sells over 14,000 shares
- Unum Group upgraded to Outperform from Market Perform at Evercore ISI