LNC ($43.31) target was raised to $50 which is just over Book Value
Deutsche Bank Reiterates Buy, Raises PT on Lincoln National (LNC)
August 6, 2013 10:50 AM EDT
Deutsche Bank reiterated a Buy on Lincoln National (NYSE: LNC) and boosted its price target to $50.00 (from $45.00).
Analysts said, "Reduced balance sheet risk along with interest rate improvement has lifted valuation to 1x BV ex. AOCI. However, we argue that such valuation is compelling for a franchise that generated an 11.8% operating ROE over the last twelve months and is reporting double-digit profitable sales growth even as interest headwinds subside."
For an analyst ratings summary and ratings history on Lincoln National click here. For more ratings news on Lincoln National click here.
Shares of Lincoln National closed at $43.87 yesterday, with a 52 week range of $21.99-$44.57.