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Fly News Breaks for May 17, 2018
CNO
May 17, 2018 | 08:28 EDT
As previously reported, Morgan Stanley analyst Nigel Dally upgraded CNO Financial to Equal Weight from Underweight as he believes growth and long-term care concerns are now reflected in the valuation following the stock's recent "sizable" underperformance. Dally, who thinks "there is little doubt that long-term care is a problematic product class," lowered his price target on CNO shares to $22 from $23.