Lincoln National (LNC) PT Raised to $33 at Evercore ISI

Evercore ISI analyst Thomas Gallagher raised the price target on Lincoln National (NYSE: LNC) to $33.00 (from $32.00) while maintaining a In Line rating.

The analyst comments "...we tweak our 1Q24 estimate lower (from $1.35 to $1.02) largely to reflect severance expense of around $40mm, while our forward estimates starting in 2Q24 move up by around 3% to reflect the favorable 1Q equity market performance and the favorable impact on fee income in the annuity segment (very strong S&P 500, other indices more muted). Along with our 2025 estimate increase, our PT also increases from $32 to $33."

You May Also Be Interested In

• Exlservice (EXLS) PT Raised to $48 at Stifel
• Silicon Motion Technology (SIMO) PT Raised to $310 at B.Riley
• Expand Energy (EXE) PT Lowered to $113 at Freedom Broker