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Fly News Breaks for January 7, 2020
LNC
Jan 7, 2020 | 07:31 EDT
Morgan Stanley analyst Nigel Dally upgraded Lincoln National to Overweight from Equal Weight with a price target of $73, up from $72, as he believes over $540M of items he'd consider temporary in nature weighed on 2019 results and sees the company returning to record profitability in 2020. He also sees strong equity markets and modestly higher interest rates in Q4 and 2020 leading to higher estimates for some in the life insurance and annuity space, Dally noted.
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