Market Overview

UPDATE: Citigroup Initiates Torchmark at Neutral on Valuation

Share:
Related TMK
Stocks Hitting 52-Week Highs
Stocks Hitting 52-Week Highs

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
Jun 2015Piper JaffrayInitiates Coverage onNeutral
Apr 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Apr 2015BarclaysDowngradesOverweightUnderweight

View More Analyst Ratings for TMK
View the Latest Analyst Ratings

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

 

Related Articles (TMK)

Around the Web, We're Loving...

Get Benzinga's Newsletters