Deutsche Bank Downgrades Lincoln National To Hold But Raises PT To $62
In a research report issued today, Deutsche Bank analyst Yaron Kinar downgraded Lincoln National (NYSE:LNC) to Hold from Buy, and raised his price target to $62 though, which represents a potential upside of 15% from where the stock is currently trading.
Kinar said, “Though we increased our TP to $62, reflecting increases in our FY15-16 EPS and BVPS estimates, we are nonetheless downgrading LNC to Hold. While we believe that further rerating remains, LNC’s strong performance over the past year and a half suggests that the majority of upside at this time should come from earnings and BVPS growth. At the same time, we expect EPS growth to slow to mid-to-high single digits, limiting upside to the mid-teens – not enough on a risk-adjusted basis to continue to recommend the name at this time.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Yaron Kinar has a total average return of 6.2% and a 79.3% success rate. Kinar has a 19.5% average return when recommending LNC, and is ranked #999 out of 3355 analysts.