Unum Group upgraded to Equal Weight at Barclays as rising rates limit risk

As previously reported, Barclays analyst Tracy Benguigui upgraded Unum Group to Equal Weight from Underweight with an unchanged price target of $43 as the analyst argues that rising interest rates limit downside risk. While Benguigui does not like the LTC business, the analyst believes Unum’s core business is "quite good" and that the company is making strides in hedging against downside interest rate risk over the next five years.