Globe Life (GL) PT Lowered to $118 at CFRA
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CFRA Downgrades Globe Life (GL) to Sell
April 12, 2024 12:05 PM EDTCFRA analyst Catherine Seifert downgraded Globe Life (NYSE: GL) from Hold to Sell with a price target of $55.00 (from $63.00).
The analyst comments "We cut our 12-month target price by $63 to $55. Our revised target price values the shares at 4.8x our 2024 operating EPS... More
KBW on Globe Life (GL): 'Sell-Off Likely Way Overdone, but Near-Term Uncertainty Remains'
April 12, 2024 6:04 AM EDTKeefe, Bruyette & Woods analyst Ryan Krueger reiterated a Market Perform rating and $130.00 price target on Globe Life (NYSE: GL)
The analyst comments "GL sold-off -53% following a short report from Fuzzy Panda Research alleging widespread insurance fraud within American Income (AIL), which follows... More
Globe Life (GL) PT Lowered to $75 at Evercore ISI
April 12, 2024 4:30 AM EDTEvercore ISI analyst Thomas Gallagher lowered the price target on Globe Life (NYSE: GL) to $75.00 (from $125.00) while maintaining a In Line rating.
The analyst comments "This morning, Fuzzy Panda Research published a scathing short selling report on GL, accusing the firm of agent mis-selling practices, insurance fraud, aggressive accounting, a distribution pyramid scheme, and an overall toxic workplace environment. With the recent disclosure that the DOJ has issued a subpoena to the company to investigate some of these allegations, we think this has created significant uncertainty for the shares as demonstrated by... More
Piper Sandler on Globe Life (GL) re: Fuzzy Panda: 'we would be surprised to hear GL comment before releasing 1Q24 earnings'
April 11, 2024 1:04 PM EDTPiper Sandler analyst John Barnidge reiterated an Overweight rating and $130.00 price target on Globe Life (NYSE: GL)
The analyst comments "A short report suggests GLs American Income division has wider fraud issues than related to the Arias agency. Given quarter-end and... More
Globe Life Inc. (GL) stock plunges after Fuzzy Panda short report
April 11, 2024 12:57 PM EDTGlobe Life Inc. (NYSE: GL) stock plunged more than 25% Thursday after Fuzzy Panda said it is short the stock, alleging multiple instances of insurance fraud.
In its report, the short seller claimed it had uncovered "extensive allegations of insurance fraud ignored by management... More
Globe Life (GL) PT Lowered to $122 at Jefferies
April 11, 2024 7:57 AM EDTJefferies analyst Suneet Kamath lowered the price target on Globe Life (NYSE: GL) to $122.00 (from $136.00) while maintaining a Hold rating.... More
Globe Life (GL) PT Lowered to $132 at Wells Fargo
April 11, 2024 6:40 AM EDTWells Fargo analyst Wesley Carmichael lowered the price target on Globe Life (NYSE: GL) to $132.00 (from $146.00) while maintaining a Overweight rating.... More
Autonomous Research Starts Globe Life (GL) at Outperform
April 9, 2024 3:53 AM EDTAutonomous Research initiates coverage on Globe Life (NYSE: GL) with a Outperform rating and a price target of $133.00.
For an analyst ratings summary and ratings history on Globe Life click here. For more ratings news on Globe Life click here.
Shares of Globe Life closed at $107.85 yesterday.
... More