Lincoln National (LNC) PT Raised to $65 at BofA/Merrill Lynch

BofA/Merrill Lynch raised estimates and its price target on Lincoln National (NYSE: LNC) to $61.00 (from $56.00) but maintained a Neutral rating on the stock.

The firm is raising FY 2015 operating EPS from $6.05 to $6.15 and FY 2016 EPS from $6.60 to $6.70. The firm is also increasing their 2015 buyback estimate from $550 million to $750 million and 2016 from $550 million to $600 million.

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 $58.44 yesterday.

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