Deutsche Bank Starts Lincoln National (LNC) at Hold

January 8, 2013 5:35 PM EST
Get Alerts LNC Hot Sheet
Price: $66.69 -0.55%

Rating Summary:
    7 Buy, 11 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Deutsche Bank initiates coverage on Lincoln National (NYSE: LNC) with a Hold. PT $31.00.

The firm comments, "The franchise protected the company during the financial crisis, when its financial strength was hobbled. The company has since recovered, and is growing its distribution force even as others are shrinking, with the intent of growing its retirement and group businesses. Increased headcount is pressuring margins for now, until more robust revenue growth occurs."

Operating EPS forecast estimates for FY12E-FY14E are $4.35, $4.45 and $4.85, respectively – in line with consensus

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 $27.80 yesterday.

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