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Fly News Breaks for August 13, 2015
LNC
Aug 13, 2015 | 07:46 EDT
As previously reported, Morgan Stanley upgraded Lincoln National to Overweight from Equal Weight and maintained its $67 price target. The firm upgraded shares citing compelling valuation and earnings power, and said Street estimates appear too low. Morgan Stanley believes the earnings shortfall for two quarters in a row reflect random quarterly fluctuations and not a sign of potential challenges in underwriting.