Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on American Equity Investment Life Holdings

Share:
Related AEL
Zacks.com featured highlights: Kelly Services, M/I Homes, General Motors, American Equity Investment Life Holding and Synnex
Benzinga's Top Upgrades, Downgrades For April 26, 2017

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on American Equity Investment Life Holdings (NYSE: AEL), but slightly lowered its price target from $13.50 to $13.00.

Jefferies noted, “AEL reported $0.34 of operating income per diluted share, below both the Street and JEFe. The majority of the miss to our estimate was due to unanticipated legal reserves and higher than expected DAC unlocking. Spread compression remains the primary headwind for the company.”

American Equity Investment Life Holding closed on Tuesday at $11.27.

Latest Ratings for AEL

DateFirmActionFromTo
Jul 2017Evercore ISI GroupDowngradesOutperformIn-Line
Apr 2017Keefe Bruyette & WoodsInitiates Coverage OnMarket Perform
Jan 2017CitigroupInitiates Coverage OnNeutral

View More Analyst Ratings for AEL
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (AEL)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...