Market Overview

UPDATE: Bank of America Downgrades Protective Life to Underperform


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


Related Articles (PL)

View Comments and Join the Discussion!

Latest Ratings

HDDZ BankDowngrades
COGWolfe ResearchUpgrades
MLHRSidoti & Co.Maintains45.0
ICFISidoti & Co.Maintains99.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Euro Zone Finance Ministers to Vote on Greek Bailout

UPDATE: Oppenheimer Raises Target on Hubbell to $80