Unum Group price target raised to $66 from $64 at Piper Sandler

Piper Sandler raised the firm’s price target on Unum Group to $66 from $64 and keeps an Overweight rating on the shares. Unum is relatively better positioned to continue to deliver improving returns amid rate cuts given meaningfully less revenues coming from net investment income than nearly all others, the analyst tells investors in a research note. Its valuation also remains attractive below the peer group average and its improved earnings, capital deployment, and free cash flow conversion are supported by higher premiums, the firm says.