UPDATE: Citi Downgrades Primerica (PRI) to Sell

(updated to add analyst comment)

Citi analyst Daniel Bergman downgraded Primerica (NYSE: PRI) from Neutral to Sell with a price target of $108.00 (from $100.00).

The analyst downgrades the name citing the YTD strength in the equity, the fact that it trades at 15-16x forward EPS which is above the 11x median for comparables and an expectation for negative growth inflection continuing.

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

Shares of Primerica closed at $126.85 yesterday.

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