Morgan Stanley Sees Stronger Outlook For CNO Financial Group Already Reflected In Valuation

In a report published Friday, Morgan Stanley analyst Nigel Dally reiterated an Equal-Weight rating on CNO Financial Group CNO. In the report, Morgan Stanley noted, “CNO provided a robust outlook at today's Investor Day, including increased confidence about the growth in core businesses and a higher ROE target driven by more aggressive capital management plans. However, we believe the positive outlook is largely reflected in the current valuation and we see potential upside in-line with peers.” CNO Financial Group closed on Thursday at $17.85.