Keefe, Bruyette, & Woods Reiterates Outperform on Torchmark Corp. (TMK)

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Keefe, Bruyette, & Woods is out with a research report this morning, where it reiterates its Outperform rating on Torchmark Corp.
TMK
; it has a $67.00 price target on the stock, up from $65.00. The KBW analysts said that the company’s recent earnings report left them “incrementally more confident that TMK is back to its old form; a company with strong and consistent profit margins that produces high-single digit EPS growth through the use of material share buyback.” They also announced that they are raising their 2010/2011 EPS estimates to $6.33/7.05 and their price target to $67 from $65. Torchmark, an insurance holding company, operates through several insurance subsidiaries and emphasizes affordable life and health products for the lower income, middle income, and senior markets.
Posted In: Analyst ColorPrice TargetAnalyst RatingsFinancialsKeefe Bruyette & WoodsLife & Health Insurance
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