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Fly News Breaks for May 4, 2018
LNC
May 4, 2018 | 08:29 EDT
RBC Capital analyst Mark Dwelle lowered his price target on Lincoln National to $84, saying that while Q1 results were in line on strength in the annuity sales, the new valuation reflects the newly reduced multiples across the life insurance space on expected volatility and lower market returns. Longer term, the analyst keeps his Outperform rating, noting that the stock is "attractively valued with good earnings visibility and meaningful sales momentum in most segments".
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