Goldman Sachs Added CNO Financial Group (CNO) to its Conviction Buy List
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Price: $11.91 -0.92%
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade CNO Now!
Goldman Sachs added CNO Financial Group (NYSE: CNO) to its Conviction Buy List with a price target of $9.00.
The firm calls the company "a unique self-help story within life insurance." The company's 65+ middle-market consumer provides structural support, and capital management is poised to be material, the firm said. While not immune to lower interest rates and other macro concerns, Goldman said the current valuation reflects this but under-appreciates the significant fundamental and financial stair-step that will drive share higher.
For an analyst ratings summary and ratings history on CNO Financial Group click here. For more ratings news on CNO Financial Group click here.
Shares of CNO Financial Group closed at $6.68 yesterday, with a 52 week range of $4.73-$8.21.
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The firm calls the company "a unique self-help story within life insurance." The company's 65+ middle-market consumer provides structural support, and capital management is poised to be material, the firm said. While not immune to lower interest rates and other macro concerns, Goldman said the current valuation reflects this but under-appreciates the significant fundamental and financial stair-step that will drive share higher.
For an analyst ratings summary and ratings history on CNO Financial Group click here. For more ratings news on CNO Financial Group click here.
Shares of CNO Financial Group closed at $6.68 yesterday, with a 52 week range of $4.73-$8.21.
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