UPDATE: KBW upgrades Primerica, Inc. to Outperform, Raises Price Target - Primerica (NYSE:PRI)

In a note dated February 10, 2014, KBW upgraded Primerica, Inc.

PRI

from Market Perform to Outperform and raised the price target from $47 to $51. KBW's Jeffery Schuman noted three primary reasons behind the upgrade:

Litigation/arbitration agreement - On January 17, Primerica announced that it had entered into a memorandum of understanding to potentially resolve pending arbitration and litigation related to certain participants in the Florida Retirement System.
Sales force Momentum - After a period of contraction, the licensed sales force grew 1% in 2012, accelerating to 4% in 2013.