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UPDATE: Citigroup Initiates Torchmark at Neutral on Valuation

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Related TMK
A Low Volatility ETF With A Twist
Earnings Scheduled For February 3, 2016

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
Sep 2016Wells FargoAssumesUnderperform
Jul 2016Deutsche BankMaintainsHold
Jul 2016Goldman SachsUpgradesSellNeutral

View More Analyst Ratings for TMK
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Posted-In: CitigroupAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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