BofA/Merrill Lynch Downgrades Lincoln National (LNC) to Neutral

BofA/Merrill Lynch downgraded Lincoln National (NYSE: LNC) from Buy to Neutral with a price target of $56.00 (from $64.00).

Analyst Seith Weiss notes their 2015 estimates are 3% below the Street and they see it as the most susceptible of the franchise life names to negative earnings revision in the coming months. Lincoln is also the most sensitive stock to macro conditions, the analyst notes.

The firm cut FY 2015 EPS from $6.10 to $6.05 and 2016 EPS from $6.70 to $6.60.

For an analyst ratings summary and ratings history on Lincoln National click here. For more ratings news on Lincoln National click here.

Shares of Lincoln National closed at $51.75 yesterday.

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