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Fly News Breaks for May 21, 2018
LNC
May 21, 2018 | 07:14 EDT
Deutsche Bank analyst Joshua Shanker attributes the recent weakness in shares of Lincoln National to weaker than expected Q1 results from life insurance peers and the "cloud of uncertainty" regarding the adequacy of long-term care reserves. The analyst, however, believes shares of Lincoln are "currently materially dislocated." He reiterates a Buy rating on the name while trimming his price target to $82 from $87.
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