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, 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.

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