Market Overview

UPDATE: Citigroup Initiates Lincoln National Corporation at Neutral on Valuation

Related LNC
Net Investment Income Could Stay Under Pressure At Lincoln National
Watch These 5 Huge Put Purchases In Thursday Trade
6 Bargain Stocks Trading Below the Peter Lynch Value (GuruFocus)

Citigroup initiated coverage on Lincoln National Corporation (NYSE: LNC) with a Neutral rating and a $29.00 price target.

Citigroup noted, "LNC has delivered solid operating results over the past two years and is generating a 10%-11% ROE, roughly in-line with the group average. While the stock appears cheap, we believe the current discount to book value is warranted based on the company's negative “excess” returns. We are also wary of LNC's above-average exposure to products with equity market and interest-rate risk (notably variable annuities and universal life) and believe other life names offer more attractive risk-reward.

Lincoln National Corporation closed at $27.37 on Wednesday.

Latest Ratings for LNC

Oct 2016Credit SuisseInitiates Coverage onNeutral
Sep 2016BarclaysMaintainsOverweight
Sep 2016Wells FargoAssumesMarket Perform

View More Analyst Ratings for LNC
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (LNC)

View Comments and Join the Discussion!