Research Alert: CFRA Keeps Hold Opinion On Shares Of Lincoln National Corporation
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CFRA has maintained a Hold opinion on Lincoln National Corporation (LNC) shares, lowering the 12-month target price by $5 to $38. The shares yield 5% and are valued at 4.8x the 2027 EPS estimate of $7.87. Q1 operating EPS was $1.66, exceeding consensus but missing CFRA's estimate. Operating revenues increased by 3.4%, with a notable turnaround in life insurance profits. Despite operational improvements, CFRA warns of LNC's exposure to equity market fluctuations without sufficient growth potential to justify the associated risks.
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