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UPDATE: Bank of America Downgrades Protective Life to Underperform

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According to Bank of America, Protective Life (NYSE: PL) is downgraded to Underperform.

Bank of America said that at the current share price, PL is only 4% away from our one-year forward price objective. “With a 2.2% dividend yield, this suggests total return potential of 6% to 7% during the next 12 months and there is only one name on our coverage list with a less favorable total return outlook.”

Protective Life closed yesterday at $27.77.

Posted-In: Bank of America Merrill LynchAnalyst Color Downgrades Analyst Ratings

 

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