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UPDATE: Citigroup Initiates Torchmark at Neutral on Valuation

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Earnings Scheduled For February 3, 2016
Earnings Scheduled For October 26, 2015 (LH, BRCM, WCN, CR, JAKK, EW, SWFT, PMCS, CAKE, TMK, HIG, KN, AGII, WRB, ROP)
Torchmark's (TMK) CEO Gary Coleman on Q1 2016 Results - Earnings Call Transcript (Seeking Alpha)

Citigroup initiated coverage on Torchmark Corporation (NYSE: TMK) with a Neutral rating and $56.00 price target.

Citigroup noted, "In our view, TMK is one of the premier franchises within the life insurance sector given its superior ROE, strong capital generation, and predictable earnings. While our fundamental outlook is also generally positive, we believe the current valuation offers limited upside potential. We could become more bullish if the stock pulls back."

Torchmark closed at $53.05 on Wednesday.

Latest Ratings for TMK

DateFirmActionFromTo
Feb 2016Goldman SachsDowngradesNeutralSell
Feb 2016FBR CapitalMaintainsMarket Perform
Feb 2016CitigroupMaintainsNeutral

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Posted-In: CitigroupAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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