Bank of America Securities Sticks to Their Hold Rating for Lincoln National (LNC)
Bank of America Securities analyst Joshua Shanker maintained a Hold rating on Lincoln National today and set a price target of $42.00.
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Shanker covers the Financial sector, focusing on stocks such as Progressive, American International Group, and Brown & Brown. According to TipRanks, Shanker has an average return of 8.0% and a 60.48% success rate on recommended stocks.
In addition to Bank of America Securities, Lincoln National also received a Hold from TipRanks – Google’s Google Insurance – Life in a report issued yesterday. However, on January 14, Mizuho Securities maintained a Buy rating on Lincoln National (NYSE: LNC).
Based on Lincoln National’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.59 billion and a net profit of $445 million. In comparison, last year the company earned a revenue of $4.2 billion and had a GAAP net loss of $528 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock. Last month, John Christopher Kennedy, the EVP, Chief Dist. & Brand Off of LNC sold 3,519.00 shares for a total of $155,363.85.
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- Lincoln National price target raised to $54 from $52 at Mizuho
- Lincoln National price target raised to $41 from $39 at Wells Fargo
- Lincoln National price target lowered to $45 from $46 at Barclays
- Lincoln National price target lowered to $43 from $44 at BofA
- Lincoln National price target raised to $48 from $42 at Piper Sandler
