Market Overview

UPDATE: Citigroup Initiates Torchmark at Neutral on Valuation

Related TMK
Benzinga's Top Upgrades
KBW Starts CNO Financial At Outperform, Sees 13% EPS Growth Over Next 3 Years

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

Aug 2015Morgan StanleyDowngradesEqual-weightUnderweight
Aug 2015FBR CapitalUpgradesUnderperformMarket Perform
Jul 2015Deutsche BankMaintainsHold

View More Analyst Ratings for TMK
View the Latest Analyst Ratings

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


Related Articles (TMK)

View Comments and Join the Discussion!

Get Benzinga's Newsletters