UPDATE: Bank of America Downgrades Protective Life to Underperform

According to Bank of America, Protective Life 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorDowngradesAnalyst RatingsBank of America Merrill Lynch
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!